Japan Airlines (JAL) saw its net profit decline 55% to ¥14.7 billion yen ($143.6 million) in the three months through June 30, partly because of earthquakes in Kyushu and weakness in many global markets. Revenue fell 4.8% to ¥297.2 billion during the fiscal first quarter, and operating profit was down 39% to ¥22 billion. Despite these drops, JAL has not changed its guidance of a profit of ¥192 billion for the full fiscal year. The carrier highlighted the “sense of ...

Subscribe to Access this Entire Article

"Japan Airlines reports 55% profit drop for June quarter" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.