Japan Airlines Corp. has announced a new three-year business plan, which forecasts flat international cargo revenue of 189 billion yen ($1.83 billion) in fiscal 2010.
This figure is almost unchanged from the 188.5 billion yen projected for the current fiscal year ending March 31.
Asia's largest air carrier, struggling with under substantial debt, said the plan calls for a capital increase of $1.45 billion through the sale of new shares to 14 companies and the purchase of more energy-efficient airplanes.
Although revenue from international cargo is projected to increase to $1.87 billion in fiscal 2008 from $1.82 billion in fiscal 2007, the figure is forecast to drop to $1.79 billion in fiscal 2009 before recovering in fiscal 2010.
-- Hisane Masaki in Tokyo