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1 JAL/ANA Rev.26 ( ) / JJ % ( ) 50% 30% 20% ) 2003 ( ) ( ) 1

2 (1) (2) IT IT 2003 IT MIDT(Marketing Information Data Transfer CRS(Computer Reservation System) / QSI Quality Service Index/ / PROS Passenger Revenue Optimization System ( ) (3) IT IT FAMFleet Assignment Model 100 A320 IT /

3 2-2-1 ANA 2005 ANA JJ 35 ANA JJ JAL % % 50.9% 49.7% JJ ANA JJ J LF65% 78% JJ IATA 7-10% 25-30% 50%ANA ANA NO ANA NO.2 ADO 17 SNA 18 SFA 9 SKY 25 JJ No.1 ADO AMC ANA ADO AMC=ANA JJ 54% S 10% 15% ANA / ANA 172 JAL 400 Perimeter: 1947km 2000km 2500km 3000km (= ) ANA B 1/3 95% 5% EU FRA 6 20 Point to Point 3

4 UAL ANA 200 ANA ANA FFP Oneworld (1) 25 1 JAL Oneworld Oneworld (2) RAS Star Gold StarNet IT 2006 MOUR(Move Under one Roof E-Ticket MOUR 23 StarNet UA/CO (22 ) B B ER 200 B737NG 70 B ( ) (1) B B % % JJ MD11 DC10 A B747 JJ JAL B JAL A JAL MD DC JTA/JEX B737 4

5 2015 JAL B JAL JAL B B B B B767 8 B B B B A MD (2) B B % +58% +19% B NCA 2007 B NCA B B B A320 B A320 ANK B B B787 B777 B787 B737 3 B B /500 B NCA B B B777 1 NCA ( ) 10 B787 B767 A B /9 / ( )

6 6

7 ) CDS CDS 20% 80 CDS ( CDS 80% CDS ) CDS 2700 (1bp 0.01 ) 2700bp % % CB UFJ 3 7

8 ( ) ( ) ( 5% )

9 SARS 300 / 747 B7 / ANA & JP B ( -800 ) 9

10 / (1300 ) A ( ) ABX Air / 70 10

11 ATI( ) 1023 ( / 190 / ) (1) / /

12 (2) / (1300 )

13 13

14 (DE ) UFJ OB ANA&JP ( ) ANA ANK 3 14

15 ATI % ANA ANA ANA Q ANA 2 ATI OD PROS ( Origin & Destination) ANA ANA CARGO PROS 15

16 % (06 ) JAL B A Use or Lose =

17 crowding out=(2010/01/21 ) EU LCC ( ) LCC 2008 No.1 No.1 S 2 10% 10% 15% 17

18 4-4-9 B (514 ) A320(166 ) km B (248 ) A320(67 ) JET ( 2010/11 96 / / B777( ) % % % % A320( ) % % % % ( 1998/ /12) B A % B A / 1 85 B ER=189 B = /1/ / ( ) 85% 70% 85% 70% B ER B ( 2011/02/ ) B B777 1 B73 28% B44 37% / B = 248 B = 272 ( ) B (500 ) B (500 ) B B B B B44=B B7=B /300 B6=B A3=A B3=B MD=MD80 JAL B44=568 B7=470/389 B6=239 A3=292 B3=165 MD=166 E=76 (E70 ) ANA B44=565 B7=514/405 B6=270 A2=166 B3=

19 B7-12 B6-3 B44-3 = 3 B (67.9%) (68.1%) B7-4 B6-2 B44-9 =1 ADo 10 B7-10 B6-2 A3-3 = 5 / (63.2%) (65.5%) B7-12 B6-2 = 2 B7 A3-1 E7-2 B3-3 B6-1= (72.4%) (65.6%) B6-2 B3-1 B7-1 A2-4 = SFJ B7-15 A3-3= SKY (57.5%) (64.3%) B4-4 B7-9 B6-4= B4-2 B7-7 B6-3= B / (80.4%) (71.0%) B4-6 B7-2 B6-1 B3-1 A2-1= B B3-3 D8-1 Q1-2 B6-2 B3-5 Q1-1 B3-12 Q1-1 ( Q1-1 Q1-2 D8-1) B3-5 B3-11 B3-3= (55.3%) (64.6%) B6-4= () 19

20 B6-6= / (53.4%) (56.5%) B7-3 B6-3= B6-2 A3-2 M9-2= (61.7%) (69.9%) B7-6 B6-1 A2-1= B3-4= (71.9%) (64.8%) B6-4= B6-2 A3-2 MD-2= (63.6%) (58.2%) B6-3 A2-2= A3-3 B3-1= (72.6%) (68.3%) B7-4 B3-4= B7-1 B6-1 A3-5= (77%) (60.3%) B7-5 B6-1 B3-4= 10 7 JJ JAS Q4-2 SA-2 Q4-6 Q4-4 SA-1 B3-2 MD-2 SA-2 Q4-6 Q4-2 SA-1 Q4-2 SAAB Q B7-1 B3-1= (82.2%) (74.8%) B7-1 A2-1= 20

21 ( ) B7-1 B6-1 CRJ-1= (78.6%) (85.8%) B7-1 B6-1= B6-1 CRJ-1 MD-1 JAC Q4-2 = JAC CRJ= (72.5%) (75.8%) B6-3 Q4-3 A2-1 B3-1 IBEX CRJ-1 = Q4 CRJ=50 70 B7-1 B6-1= (82.2%) (75.3%) B7-1 B6-1= B3-6= (57.8%) (77.1%) B6-2 B3-2 A2-1 IBEX CRJ-1 = JAC Q4-4 SA-1= (45.2%) (65.3%) Q4-3 B3-1 A2-1 D8-4 = /10 JAS %/83.9% A MD B3-1 MD-2 ADo B (74.3%) LF 74.3% 80.4% 89.6% B3-1 MD-3 A (68.0%) LF 83.9% 78.9% 21

22 - ADo ( ) / - JAS SNA B44-2,B7-28, B6-4, A3-2, (64.1%) (69.1%) 15 B44-14, B7-12, B6-3, A2-1, +20 ADo 15 B7-18, B6-6, A3-6, (66.2%) (64.0%) 14 B7-24, B6-4, (63.3%) (71.3%) 18 B7-26, B6-10, (60%) (58.1%) 19 B44-4, B7-24, B6-8, A2-2, 12 B44-2, B7-18, B6-4, (64.6%) (77.5%) 10.5 B44-12, B7-2, B6-4, B3-3, (58.6%) (63.8%) (57.3%) (52.0%) (63.2%) (66.1%) (71.9%) (69.0%) 22

23 (62.5%) (63.8%) (59.5%) (68.9%) 7 B6-6, A3-6, MD-2, (60.1%) (68.7%) 6 B7-10, B6-2, +4 SNA, (77.6%) (76.9%) ( ) (76.4%) (85.2%) (70.9%) (77.3%) (70%) (72.6%) (67.9%) (63.6%) (55.4%) (58.2%) (1) % % % % % % % % % % % %

24 4-5-3-(2) (3) 2010 (4-9 ) No.2 ( ) JJ JAL (1) ( ) (%) ( ) (%) (+9.1) (+6.0) (-15.5) (-16.8) (-1.3) (+6.4) (-33.9) 91298(-28.0) (+5.9) (+4.6) (-13.5) (-11.1) (+8.3) (+6.6) (-19.7) (-18.3) (+3.7) (+0.8) (-27.9) (-28.9) (-1.9) (+6.1) (-28.2) (-20.8) 71.4 ( ) (2) %/ 24

25 ( ) (%) ( ) (%) 51277(-30.4) 44481(-29.1) (+18.1) 31106(+8.3) (-16.1) 30672(-20.3) (+30.6) 20388(+9.7) (-27.4) 25529(-29.1) (+26.8) 79405(+17.8) (-22.1) 83588(-22.8) (-42.5) 7378(-43.8) (+46.3) 10602(+53.1) (-66.8) 6613(-70.3) (-22.0) 46673(-24.2) (-4.4) 67135(-22.1) (-32.0) 43857(-39.0) (+2.7) 34053(-4.4) ANA 81% 51% 95% 2%/ 28% 80% ANA % 10% 100% ( ) %( 44%) %( 37%) / % +17.4% ANA JAL ANA JAL B A ( MD ) ( /8) FedEx ( ) UPS % % 2000 () % % 5 25

26 WTO % 9.9% 60.4% % 7.7% 59.0% % % % ( ) Japan / ( 84 ) 2007/ FedEx UPS FedEx UPS (Wholly Owned Foreign Enterprise) % 2006 DHL FedEx UPS TNT 80% ABX B767 B F B767F ABX 19 B B6-200F 26 DC-9 / UPS 24 (B767F) % OCS Overseas Courier Service ( )

JAL 19 6300 1 538 05 1993 10 3 2000 2003 2.2 4.3 30 20 1986 20 5.5 90 1991 1993 2000 8 2001 2003 2004 2006 2004 34 20 83 750 2000 120 10 2005 5 2 5 7 1 1 2006 25 20 4.9 2.5 20 5 6.4 20 8.8 6 1 20 2015

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