Japan Retail Sector: Number of international flights departing from Japan: Down 7% yoy for the week of 25 May

Research evidence excerpt

Japan Retail Sector: Number of international flights departing from Japan: Down 7% yoy for the week of 25 May

Powered by Lab Global15 JuneResearch2026ab Evidence UBS YES

Japan Retail Sector Equities

JapanNumber of international flights departing from

Japan: Down 7% yoy for the week of 25 May Retail

Takahiro Kazahaya

Analyst

takahiro.kazahaya@ubs.com

Summary +81-3-5208 6226

UBS Evidence Lab provided an update on Global Commercial Airline Traffic (> Access Xin Chen

Dataset) on 8 June. Due to the surge in crude oil prices caused by uncertainties in the Analyst

Middle East, airlines have announced increases in surcharges and reductions in flight S1460511050002

frequencies. This report summarises trends in the number of international flights xin.chen@ubs.com

departing from Japan, as well as implications for inbound travelers to Japan and +86-21-3866 8864

outbound Japanese travelers. Ingrid Zhang

Number of international flights departing from Japan: Down 7% yoy for the S1460517080003

week of 25 May ingrid.zhang@ubs.com

+86-21-3866 8853Figure 1NumberofinternationalflightsdepartingfromJapanandyoychange(wekly) shows the weekly number of international flights departing from Japan and the

year-on-year comparison. Looking at the weekly year-on-year data, the week of 12 Kazuki Oike

December 2025 saw the first decrease since the week of 18 April 2022. Afterward, Associate Analyst

except for the weeks of 29 December 2025 and 16 February 2026, there have been kazuki.oike@ubs.com

+81-3-5208 6964declines compared to the same period of the previous year. In the week of 25 May 2026,

the number of flights was 5,335, down 7.0% yoy, with the declining rate remaining

broadly flat from the week of 20 April 2026, when the decline was the largest since the

week of 12 December 2025 at 7.2% yoy.