JPNRF - Japan Airlines Stock Can Fly Higher

2024-02-01 07:03:31 ET

Summary

• Japan Airlines stock lost more value than ANA Holdings stock.
• The first half results show growth in total revenues, particularly in the international passenger business and cargo business.
• JAPSY has increased expectations for international passenger revenues and expects strong demand recovery, while cargo revenues are expected to decrease.

In August 2023, I analyzed Japan Airlines ( JAPSY ) (JPNRF) stock and I issued a Hold rating on the stock because putting the projections for Japan Airlines together I could not find a compelling investment case. Separately, I had also analyzed the prospects of ANA Holdings and from that analysis, I concluded that compared to ANA Holdings, Japan Airlines had less favorable revenue trends in their cargo business. Both airlines are marked a hold and I think the fact that ANA Holdings is better has also shown in the stock price performance. ANA lost 4% while Japan Airlines lost 9.3% of its value....

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