A relisting by Japan Airlines on the Tokyo Stock Exchange is expected to help the airline raise $8.5 billion.
The carrier plans an initial public listing on September 19 to raise 663 billion yen, three years after it fell into bankruptcy.
The IPO will represent a remarkable turnaround for JAL after posting record operating profits of 204.9 billion yen for the year to March.
Net income in the three months to June 30 increased by 111.2% to 26.9 billion yen.
JAL, which cut its workforce by 40%, trimmed salaries and pension payouts, aims to further strengthen its international network, following high load factors achieved on a Tokyo-Boston route launched with the new Boeing 787 Dreamliner in April.
JAL said it has seen little impact from the eurozone crisis and global economic slowdown, given its focus on routes to large cities, such as London and Paris, which have stable demand.
“While travel demand from Korea and Hong Kong have not yet fully recovered from post-quake effects, the robust demand from outbound-Japan leisure travellers driven by the strong yen yielded a greater influence on overall international demand, which increased 28% year-on-year,” the airline said.
Revenue from international passenger operations in the first quarter rose by 21.6% to 95.9 billion yen.
JAL director of corporate planning Hirofumi Kono said the impact from the entry of low cost carriers in the Japanese domestic market had been “virtually nil”.
“US and European data show that by opening the market to LCCs, there is a 30 per cent increase in demand,” he told the Financial Times.