Japan Airlines is back in the lead, at least for now. After losing its profit crown to All Nippon in the early postCovid years, JAL outperformed its rival again in 2025. More importantly, both carriers are thriving despite a complex landscape of shrinking Chinese traffic, U.S. tariffs, and stiff com petition. In this week’s feature story, we explain how Japan’s two airline giants are staying ahead. ...read more read less