Japan Airlines profits more than double
Japan Airlines has said its first-quarter profits more than doubled as it cut costs and the strong yen boosted demand for international travel.
Net profit was 26.9bn yen ($343m; £220m) in the April-to-June period, up from 12.7bn yen a year earlier.
The airline said that revenues at both its international and domestic routes had increased during the period.
The earnings come amid speculation that the firm is planning to re-list on the Tokyo Stock Exchange.
"The robust demand from outbound-Japan leisure travellers driven by the strong yen yielded a greater influence on overall international demand," the carrier said.
The Japanese currency has risen by more than 6% against the US dollar since mid-March, increasing the spending power of consumers. That has helped to boost demand for international travel.
The airline kept its annual profit forecast unchanged at 130bn yen.
In January 2010, Japan Airlines filed for bankruptcy with more than $25bn of debt and required a government-backed bailout. It was one of Japan's biggest corporate failures.
BBC
The airline said that revenues at both its international and domestic routes had increased during the period.
The earnings come amid speculation that the firm is planning to re-list on the Tokyo Stock Exchange.
"The robust demand from outbound-Japan leisure travellers driven by the strong yen yielded a greater influence on overall international demand," the carrier said.
The Japanese currency has risen by more than 6% against the US dollar since mid-March, increasing the spending power of consumers. That has helped to boost demand for international travel.
The airline kept its annual profit forecast unchanged at 130bn yen.
In January 2010, Japan Airlines filed for bankruptcy with more than $25bn of debt and required a government-backed bailout. It was one of Japan's biggest corporate failures.
BBC
Tags:
Japan Airlines,
- » Etihad opens first European guest contact centre i
- » Air India unable to pay staff salaries
- » NAS Air eyes Kochi-Riyadh service
- » Tiger pilot flew below minimum altitude twice
- » Emirates sitting pretty with new Johannesburg Loun
- » Copa Airlines Increases Order for Boeing Next-Gene
- » Partnership formed for C919 plane
- » United Airlines and Aer Lingus Expand Codeshare Ag
- » Pilots reject Ryanair claims of agreement
- » Another significant A320 endorsement by a leading
- » Qatar Airways to launch two new routes to Iraq
- » SWISS receives its first “sharklet” Airbus A320
- » Wizz Air Ukraine takes delivery of its first A320
- » Turkish Airlines to start flights to Houston
Warning: Comments which include insulting, offensive sentences or hints, assault and comments with the unwritten rules of spellingand written in English characters incorrectly will not be approved.
Login to make a comment with your user name
More News
Cardiff Airport is sold to the Welsh government
First Minister Carwyn Jones said it would not be operated by the government
First Minister Carwyn Jones said it would not be operated by the government
Pilots reject Ryanair claims of agreement
The Ryanair Pilot Group (RPG) emphatically rejects Ryanair’s latest claims
The Ryanair Pilot Group (RPG) emphatically rejects Ryanair’s latest claims
United Airlines and Aer Lingus Expand Codeshare - Cardiff Airport is sold to the Welsh government
- Pilots reject Ryanair claims of agreement
- Another significant A320 endorsement by a leadin
- Qatar Airways to launch two new routes to Iraq
- SWISS receives its first “sharklet” Airbus A320
- Véronique Creissels nominated Head of Communicat
- Wizz Air Ukraine takes delivery of its first A32
- Turkish Airlines to start flights to Houston
- Pegasus Airlines launches flights to Barcelona
- Cardiff Airport is sold to the Welsh government
- Pilots reject Ryanair claims of agreement
- Qatar Airways to launch two new routes to Iraq
- Turkish Airlines to start flights to Houston
- Pegasus Airlines launches flights to Barcelona
- SWISS receives its first “sharklet” Airbus A320
- Air Arabia takes delivery of second aircraft in
- Another significant A320 endorsement by a leadin
- United Airlines and Aer Lingus Expand Codeshare
- Wizz Air Ukraine takes delivery of its first A32
- Qantas Group fleet update
- Qatar Airways touches down in Cambodia
- Air Pacific: Increase Flights With Arrival Of A3
- Small plane crashes in eastern Georgia, killing
- Air Arabia takes delivery of second aircraft in
- The first production A400M soars on its maiden f
- Lion Air orders 234 A320 Family aircraft
- MB Aerospace to make acquisitions after buyout
- Boeing 747-8 Serves 100th Airport
- 2013 Air Transport News Awards
- Boeing Aerospace & Defense Supplier Summit
Boeing and State of Washington Back Aerospace and Defense Supplier Summit - Spectacular celebration of 100th year
The South Carolina Historic Aviation Foundation will mark the 100th anniversary of aviation in the Palmetto St - Aviation Security Conference,September 13-14
The aviation industry continues to face a multitude of security threats on a daily basis from crime and terror - Airport Show 2011, in Dubai
In May 31-June 2 Airport Expo opens its 11th year exhibition in Dubai.
