JAL upgrades full-year profit forecast
Japan Airlines Tuesday upgraded its full-year forecast as it booked a modest gain in half-year net profit thanks to solid domestic and international sales. JAL said net profit rose 9.2% year-on-year to JPY78.0b (US$690m) for the 6 months to September. Revenue for the period increased 6.2% to JPY692.3b, as the airline said it enjoyed robust inbound demand from overseas and buoyant outbound demand. "Demand for business use remains strong, while the industry's sentiment has recovered from last year when the aviation industry faced the impact of terrorism," an analyst at SMBC Nikko Securities, said. The company, which raised its annual forecast just 3 months ago, again upgraded its full-year projections. It now sees JPY121b in net profit for the fiscal year to March 2018 -- up from JPY108b forecast earlier. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-01/oneworld/jal-upgrades-full-year-profit-forecast
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JAL upgrades full-year profit forecast
Japan Airlines Tuesday upgraded its full-year forecast as it booked a modest gain in half-year net profit thanks to solid domestic and international sales. JAL said net profit rose 9.2% year-on-year to JPY78.0b (US$690m) for the 6 months to September. Revenue for the period increased 6.2% to JPY692.3b, as the airline said it enjoyed robust inbound demand from overseas and buoyant outbound demand. "Demand for business use remains strong, while the industry's sentiment has recovered from last year when the aviation industry faced the impact of terrorism," an analyst at SMBC Nikko Securities, said. The company, which raised its annual forecast just 3 months ago, again upgraded its full-year projections. It now sees JPY121b in net profit for the fiscal year to March 2018 -- up from JPY108b forecast earlier. <br/>
