Japan Airlines forecasts further profit growth
Japan Airlines has raised its annual net profit to JPY174.4b (US$1.6b) for the year through March 31, compared to a profit of JPY149b in the prior year. The carrier’s profit gain was 17.1% in the 2015/2016 financial year, with operating revenue dropping 0.6%. Another strong result is projected for the year through March 2017 with a forecast net profit of JPY192b. JAL raised its international capacity 1.3% for the 2015/2016 year, and while traffic was up 5.4%, international revenue declined 1.3%. Results varied widely according to region, with transpacific routes to North America seeing the highest growth rates of 7.7% due in large part to new service from Tokyo Narita to Dallas/Fort Worth. Domestic capacity decreased 1.2% for the financial year, although traffic rose 1.5% and revenue increased 2.8%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-04-29/oneworld/japan-airlines-forecasts-further-profit-growth
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Japan Airlines forecasts further profit growth
Japan Airlines has raised its annual net profit to JPY174.4b (US$1.6b) for the year through March 31, compared to a profit of JPY149b in the prior year. The carrier’s profit gain was 17.1% in the 2015/2016 financial year, with operating revenue dropping 0.6%. Another strong result is projected for the year through March 2017 with a forecast net profit of JPY192b. JAL raised its international capacity 1.3% for the 2015/2016 year, and while traffic was up 5.4%, international revenue declined 1.3%. Results varied widely according to region, with transpacific routes to North America seeing the highest growth rates of 7.7% due in large part to new service from Tokyo Narita to Dallas/Fort Worth. Domestic capacity decreased 1.2% for the financial year, although traffic rose 1.5% and revenue increased 2.8%. <br/>
