Profits down 31.9% for Japan Airlines
JAL, which re-listed its shares in Tokyo last year after a high-profile bankruptcy restructuring, reported sales of ¥294.1bn, up 2.6% year-on-year.
While the carrier did not give specific reasons for the weaker profit, a sharp decline in the yen has pushed up the price of dollar-denominated fuel, which is a major expense for airlines.
The four-month grounding of Boeing's Dreamliner also hit Japan's two biggest airlines hard, with ANA saying on Tuesday (30 July) that the crisis had helped drag it to a ¥6.6bn loss for the three months to June.
For the fiscal year to March next year JAL kept its previous forecast unchanged, at a predicted net profit of ¥118bn on sales of ¥1.272trn.
Source: AFP via I-Net Bridge
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
