Japan Airlines System Corp. is expecting a group net profit of 35 billion yen for the business year through March 2006, up from 8 billion yen estimated for 2002.
Under a three-year plan unveiled Tuesday, the holding company of Japan Airlines Co. and Japan Air System Co. said it will implement a series of cost-cutting measures to streamline operations. Thanks to these efforts, it expects to see net merger effects worth 56 billion yen in saved costs in 2005, the final year of the plan. It expects to generate 2.25 trillion yen in revenues that year.
The company said it will reduce its ground crew by 3,600, or 6 percent of the total group workforce during the three-year period starting April.