JAL quarterly profit down 32% on fuel, trade disputes
Japan Airlines reported its net profit fell by 32.1% to JPY11.9b (US$110m) for the 3 months ended June 30, JAL’s fiscal Q1. JAL said the results were affected by external factors such as trade disputes and fuel price volatility. The carrier cited “rising uncertainties” in the business environment, including “US-China trade frictions.” Oil prices were higher year-on-year, but started to drop in late May because of concerns about the global economy and international trade disputes. Fuel prices rose in the middle of June, which was partly because of US-Iran tension. Operating profit dropped by 15.6% to JPY21v during the quarter. Overall revenue rose 4% to JPY355.7b, but operating costs were up 5.5% to JPY334.6b. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-08-02/oneworld/jal-quarterly-profit-down-32-on-fuel-trade-disputes
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JAL quarterly profit down 32% on fuel, trade disputes
Japan Airlines reported its net profit fell by 32.1% to JPY11.9b (US$110m) for the 3 months ended June 30, JAL’s fiscal Q1. JAL said the results were affected by external factors such as trade disputes and fuel price volatility. The carrier cited “rising uncertainties” in the business environment, including “US-China trade frictions.” Oil prices were higher year-on-year, but started to drop in late May because of concerns about the global economy and international trade disputes. Fuel prices rose in the middle of June, which was partly because of US-Iran tension. Operating profit dropped by 15.6% to JPY21v during the quarter. Overall revenue rose 4% to JPY355.7b, but operating costs were up 5.5% to JPY334.6b. <br/>
