Japan Airlines (JAL) on Monday reported a jump in quarterly net profit thanks to brisk sales at home and overseas, and revised its full-year forecast upward. JAL, once a symbol of Japan’s rise from the ashes of defeat in World War II as…
Japan Airlines (JAL) on Monday reported a jump in quarterly net profit thanks to brisk sales at home and overseas, and revised its full-year forecast upward.
JAL, once a symbol of Japan’s rise from the ashes of defeat in World War II as it ferried the country’s newly rich tourists around the world, received a government bailout after a high-profile bankruptcy restructuring in 2010.
After slashing routes and cutting costs, the carrier relisted on the Tokyo bourse two years later and has continued a steady ascent.
JAL said its net profit rose 32.9 percent to 19.6 billion yen ($177 million) for the three months to June.
Revenue for the April-June period increased 5.9 percent to 314.8 billion yen.
“In international passenger operations, inbound demand from overseas remained robust and outbound demand has been buoyant, resulting in higher load factors than the year before, ” JAL said in a statement.
