JAL forecasts 20% decrease in net profit for FY26 on fuel hike risk

Airline calls global conditions 'increasingly uncertain;' higher fares start Friday

JAL and ANA aircraft park at Haneda Airport in Tokyo on Dec. 8, 2023. Jet fuel prices are rising faster than expected for Japan's big airlines. (Photo by Takaki Kashiwabara)

TOKYO -- Japan Airlines (JAL) projects its net profit of 110 billion yen ($686 million) for the fiscal year ending March 2027, down 20.1% from the previous year, with uncertainty in global travel demand and fuel prices over the Iran war.