JAL Secures Net, Operating Profits
Kyodo News | Aug. 04, 2011
Japan Airlines Corp. said Wednesday it logged group net and operating profits in the April to June period as restructuring efforts helped mitigate the adverse impact of the March disaster.
In the three months to June, the airline reported a group net profit of 12.76 billion yen and operating profit of 17.17 billion yen. Comparable data for last year are not available as the airline was undergoing a court-backed rehabilitation process at that time.
JAL Chairman Kazuo Inamori said the airline has a good chance of achieving its goal of booking an operating profit of 75.7 billion yen in the full year ending in March as it aims to relist its shares in fiscal 2012, starting in April.
Looking at the figures of the first quarter, we have a good chance of surpassing the target, Inamori said.
JAL's consolidated revenue came to 254.91 billion yen for the three-month period.
Due to the effects of the March 11 disaster and a reduction in flights as part of its restructuring, the number of passengers fell 31.2 percent from a year earlier to 7,529,495, JAL said.