JAL Profits Drop By 30 Per Cent

The JAL Group (JAL) has released consolidated financial results for 1Q of fiscal year 2013 showing a 29.8 per cent drop in operating profit to 22bn Yen compared with the previous year. Ordinary income decreased by 35.9 per cent to 19.6bn Yen, while net income was down 31.9 per cent at 18.3bn Yen. Meanwhile, operating expense increased by 6.5 per cent to 272bn Yen. Consolidated operating revenue rose by 2.6 per cent year-on-year to 294.1bn Yen. JAL said that during this period the Japanese economy “came under downward pressure by the deceleration in overseas economies”. The Group maintained that it “strived to achieve greater management efficiency”, in line with its ‘Rolling Plan 2013’. ($1=98.7 Yen)

TAGS: Airlines
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