JAL raises FY2018 profit forecast as fuel prices ease
Japan Airlines reported a lower net profit for the first 9 months of fiscal 2018, but raised its full-year income outlook as a result of an anticipated easing of fuel prices. The carrier reported a net profit of JPY106.5b (US$980.4m) for the 9-month period ending Dec 31, 2018, down 6.6% from the same period a year earlier. For the full fiscal year ending March 31, however, JAL raised its net profit estimate to JPY138b, JPY28b higher than the profit guidance issued Oct 31, 2018. The full-year revenue projection remains unchanged, but the carrier lowered its operating cost estimate by JPY8b. Deferred income tax was also a factor the higher net profit estimate. For the 9-month period, JAL reported a revenue increase of 8.1% year-over-year to JPY1.1t. Operating costs rose 9.4% to JPY985.5b, with fuel expense up 21.4%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-01/oneworld/jal-raises-fy2018-profit-forecast-as-fuel-prices-ease
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JAL raises FY2018 profit forecast as fuel prices ease
Japan Airlines reported a lower net profit for the first 9 months of fiscal 2018, but raised its full-year income outlook as a result of an anticipated easing of fuel prices. The carrier reported a net profit of JPY106.5b (US$980.4m) for the 9-month period ending Dec 31, 2018, down 6.6% from the same period a year earlier. For the full fiscal year ending March 31, however, JAL raised its net profit estimate to JPY138b, JPY28b higher than the profit guidance issued Oct 31, 2018. The full-year revenue projection remains unchanged, but the carrier lowered its operating cost estimate by JPY8b. Deferred income tax was also a factor the higher net profit estimate. For the 9-month period, JAL reported a revenue increase of 8.1% year-over-year to JPY1.1t. Operating costs rose 9.4% to JPY985.5b, with fuel expense up 21.4%. <br/>
