JAL sees profits fall; leaves full-year forecast unchanged
Japan Airlines said Tuesday net profit dropped in the 9 months to December due to a slump in income from international flights, but the carrier left its full-year forecast unchanged. JAL posted a net profit of JPY108.3b (US$955m), down 24.6% from the same period the year before. Revenue fell 4.7% to JPY975.5b. Income from international passenger flights dropped nearly 10% during the period, while that for domestic flights edged down less than 1%. JAL, which slashed its full-year earnings outlook 3 months ago, left its latest target unchanged, forecasting a net profit of JPY161b and sales of JPY1.28t for the year to March. While the airline did not elaborate on negative factors behind the slump, analysts and local media said increased personnel costs, particularly rising salaries, were squeezing the bottom line. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-02-01/oneworld/jal-sees-profits-fall-leaves-full-year-forecast-unchanged
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JAL sees profits fall; leaves full-year forecast unchanged
Japan Airlines said Tuesday net profit dropped in the 9 months to December due to a slump in income from international flights, but the carrier left its full-year forecast unchanged. JAL posted a net profit of JPY108.3b (US$955m), down 24.6% from the same period the year before. Revenue fell 4.7% to JPY975.5b. Income from international passenger flights dropped nearly 10% during the period, while that for domestic flights edged down less than 1%. JAL, which slashed its full-year earnings outlook 3 months ago, left its latest target unchanged, forecasting a net profit of JPY161b and sales of JPY1.28t for the year to March. While the airline did not elaborate on negative factors behind the slump, analysts and local media said increased personnel costs, particularly rising salaries, were squeezing the bottom line. <br/>
