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.
