A significant rise in traffic and revenue could not offset higher fuel prices for Japan Airlines (JAL), with the carrier reporting a drop in net profit for the three months through June 30. JAL group’s net profit for the period—its financial year first quarter—was down 10.3% year-over-year (YOY) to ¥17.5 billion ($156.4 million). However, the airline is sticking with its previous forecast of a net profit of ¥110 billion for the full fiscal year. The ...

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