Japan Airlines logs quarterly profit gain, upgrades outlook
JAL Monday reported a jump in quarterly net profit thanks to brisk sales at home and overseas, and revised its full-year forecast upward. JAL received a govt bailout after a high-profile bankruptcy restructuring in 2010. After slashing routes and cutting costs, the carrier relisted on the Tokyo bourse 2 years later and has continued a steady ascent. JAL said its net profit rose 32.9% to JPY19.6b (US$177) for the 3 months to June. Revenue for the April-June period increased 5.9% to JPY314.8b. “In international passenger operations, inbound demand from overseas remained robust and outbound demand has been buoyant, resulting in higher load factors than the year before,” JAL said. The company upgraded its full-year forecast, projecting JPY108b in net profit for the fiscal year to March 2018, up from JPY100b forecast earlier. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-08-01/oneworld/japan-airlines-logs-quarterly-profit-gain-upgrades-outlook
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Japan Airlines logs quarterly profit gain, upgrades outlook
JAL Monday reported a jump in quarterly net profit thanks to brisk sales at home and overseas, and revised its full-year forecast upward. JAL received a govt bailout after a high-profile bankruptcy restructuring in 2010. After slashing routes and cutting costs, the carrier relisted on the Tokyo bourse 2 years later and has continued a steady ascent. JAL said its net profit rose 32.9% to JPY19.6b (US$177) for the 3 months to June. Revenue for the April-June period increased 5.9% to JPY314.8b. “In international passenger operations, inbound demand from overseas remained robust and outbound demand has been buoyant, resulting in higher load factors than the year before,” JAL said. The company upgraded its full-year forecast, projecting JPY108b in net profit for the fiscal year to March 2018, up from JPY100b forecast earlier. <br/>
