JAL net profit down 19% amid growing operating posts

GMT 13:01 2014 Tuesday ,29 July

Arab Today, arab today JAL net profit down 19% amid growing operating posts

JAL Group (Japan Airlines) (Tokyo)
Tokyo - SPA

Japan Airlines Co (JAL) said Tuesday its net profit for the April-to-June period fell 19.4 per cent from a year earlier to 14.78 billion yen (144.9 million dollars) due to rising operating costs, according to dpa.
JAL posted an operating profit of 18.6 billion yen for the quarter, down 15.6 per cent from the same period last year, while sales rose 4.4 per cent to 307.1 billion yen.
The company maintained its net profit outlook at 115 billion yen for the financial year to March 2015 and operating profit forecast at 140 billion yen, while sales were predicted at 1.35 trillion yen.
In 2010, JAL listed liabilities of 2.32 trillion yen in Japan's biggest corporate failure outside the financial services sector, leading to bankruptcy and delisting from the Tokyo Stock Exchange.
The company was relisted on the bourse in September 2012.

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