Japan Airlines CEO Raises Concerns Over Weak Yen, Prefers Rate Around 130
Japan Airlines (JAL) CEO Mitsuko Tottori has expressed apprehension about the current weakness of the Japanese yen, emphasizing the need for a stronger exchange rate. During a group interview at the company’s headquarters in Tokyo, Tottori stated that an exchange rate of 130 yen to the dollar would be more advantageous for JAL. She highlighted that foreign currencies account for a large portion of the airline’s expenses, making the weak yen a significant concern.
Tottori, who became JAL’s first female president in April 2022, also noted the negative impact of the weak yen on outbound travel. JAL recently placed a multibillion-dollar order for 42 Boeing and Airbus SE jets to expand its international network. Airbus received a larger share of this recent order, but Tottori emphasized that JAL would not solely rely on the European planemaker to build its fleet.
Regarding Boeing orders, Tottori expressed confidence in the company’s ability to overcome recent challenges and deliver aircraft on time. She stated that JAL has a strong relationship with Boeing and that the airline will make choices based on its business plans, without showing preference for either Boeing or Airbus.
