TOKYO -- Despite performing better than rival ANA Holdings, investors are valuing Japan Airlines shares lower. For Japan's veteran air carrier, the key to rectifying the situation likely lies in boosting shareholder returns.
After going belly up in January 2010, JAL returned to the stock market quickly. Since relisting in September 2012, the company's market capitalization has shot up from slightly less than 700 billion yen ($6.6 billion) to more than 1 trillion yen. Its return on equity came to 26.5% for the year ended this March.
