Japan Airlines reports 80.2 pct net profit drop in April-June as fuel costs soar
Xinhua
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Japan Airlines (JAL) Co. said Monday its net profit for the three months through June dived 80.2 percent from a year earlier to 5.35 billion yen (about 34 million U.S. dollars), driven by soaring fuel costs due to tensions in the Middle East.
Sales for the April to June quarter totaled 523.74 billion yen, up 11.2 percent year-on-year, the company said.
For the current fiscal year ending March 2027, JAL maintained its full-year forecasts of 110 billion yen in net profit, down 20.1 percent from the previous year, and 2.1 trillion yen in sales, up 4.1 percent.