Tuesday, September 23, 2014   

JAL profit down in second quarter
(07-29 14:26)

Japan Airlines (JAL) said Tuesday its net profit for the April-June quarter fell 19.4 percent to US$145 million, as a weak yen and soaring fuel costs dug into its results.
The carrier said net profit fell to 14.8 billion yen, while operating profit also dropped 15.6 percent to 18.6 billion yen.
Sales ticked up 4.4 percent to 307.1 billion yen.
A brief company statement did not outline reasons for the weaker profit figures.
But the airline has previously warned that a sharp drop in the yen has driven up the cost of fuel, often a carrier's single-biggest expense.
JAL maintained its annual forecast for the fiscal year through March, with the firm expecting a net profit of 115 billion yen, down 30.8 percent from a year earlier, and an operating profit of 140 billion yen, down 16.1 percent.
Annual sales were expected to come in at 1.35 trillion yen, up 3.1 percent. --AFP   
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