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Jefferies Downgrades Japan Airlines to Hold From Buy, Adjusts Price Target to 2,900 Yen From 4,100 Yen
Japan Airlines: Extraordinary Report
JAL and JIT have integrated their digital promotion systems into "JAL Digital Corporation."
(Joint Release) On February 26, 2025, Japan Airlines Co., Ltd. and JAL InfoTech Co., Ltd. (located in Minato-ku, Tokyo, CEO: Hidetoshi Koyama, hereinafter referred to as "JIT") will integrate their organizational structure as of April 1, 2025. Accordingly, JIT's company name will be changed to "(Tentative) JAL Digital Co., Ltd."
Application for international flights "fuel surcharge" (for tickets issued from April to May 2025).
JAL has applied to the Ministry of Land, Infrastructure, Transport and Tourism for the applicable amount of the "Fuel Surcharge" (commonly known as "Fuel Surcharge"), which will be effective from April 2025. JAL reviews the fuel surcharge amount every two months based on the average fuel market price over the most recent two months. The average market price of Singapore kerosene for the two months from December 2024 to January 2025 was $90.96 per barrel. This is multiplied by the average exchange rate of 155.03 yen per dollar during the same period.
Japan Airlines Co (JPNRF) Gets a Buy From J.P. Morgan
The Nikkei average rose by 41 yen, rebounding for the first time in three days, as the yen appreciated temporarily following comments from Governor Ueda of the Bank of Japan = 21st morning session.
On the 21st, the Nikkei average during the morning session rose by 41.30 yen compared to the previous day, reaching 38,719.34 yen, marking a rebound for the first time in three days. The TOPIX (Tokyo Stock Price Index) also increased slightly by 0.37 points to 2,734.97 points. The Nikkei average started trading under selling pressure from the morning due to a decline in US stocks on the 20th. It continued to trade weakly, influenced by the yen's appreciation against the dollar. However, during the House of Representatives budgetary committee, Bank of Japan Governor Kazuo Ueda stated that "if long-term interest rates rise sharply, the bank will increase government bond purchases flexibly."
