Japan Airlines (JAL) has reported a first-quarter net income of JPY26.9
billion ($343.5 million), more than twice the net income of JPY12.7
billion in the year-ago quarter. T
he company said strong yen and good demand lifted its balance sheet. JAL’s first reporting period for fiscal year 2012 runs from April 1-June 30.
Consolidated operating revenue increased 12.5% to JPY286.7 billion against a 7.4% increase in operating expenses to JPY255.3 billion.
“Robust demand from outbound-Japan leisure travelers driven by the strong yen yielded a greater influence on overall international demand, which increased 28% year-on-year, measured by revenue passenger kilometers (RPKs). The load factor was consequently pushed up by 12.3 percentage points to 73.4%,” JAL said in a statement
First-quarter revenue for JAL’s consolidated international passenger operations increased 21.6% to JPY95.9 billion year-over-year, JAL said.
On the domestic side, post-earthquake and tsunami recovery saw RPKs rise 18% compared to the year-ago period. Load factor was 59.6%, up 3.5 percentage points. Cargo was described as stagnant, which JAL attributed to problems in Europe.
Looking forward, JAL said there was no need to revise its full-year profit figures, which remain at JPY130 billion.
source: atwonline.com
he company said strong yen and good demand lifted its balance sheet. JAL’s first reporting period for fiscal year 2012 runs from April 1-June 30.
Consolidated operating revenue increased 12.5% to JPY286.7 billion against a 7.4% increase in operating expenses to JPY255.3 billion.
“Robust demand from outbound-Japan leisure travelers driven by the strong yen yielded a greater influence on overall international demand, which increased 28% year-on-year, measured by revenue passenger kilometers (RPKs). The load factor was consequently pushed up by 12.3 percentage points to 73.4%,” JAL said in a statement
First-quarter revenue for JAL’s consolidated international passenger operations increased 21.6% to JPY95.9 billion year-over-year, JAL said.
On the domestic side, post-earthquake and tsunami recovery saw RPKs rise 18% compared to the year-ago period. Load factor was 59.6%, up 3.5 percentage points. Cargo was described as stagnant, which JAL attributed to problems in Europe.
Looking forward, JAL said there was no need to revise its full-year profit figures, which remain at JPY130 billion.
source: atwonline.com
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