JAL income dips during FY2013

Dino D'Amore
By Dino D'Amore May 1, 2014 13:25

JAL income dips during FY2013

Japan Airlines (JAL) has posted a 5.4% decline in net income to ¥166.2 billion ($1.62 billion) for the financial year to March 31, 2014. Like its rivals, JAL suffered from a weak yen, high fuel costs, increased competition and the residual effects of the global economic downturn.

JAL operating revenue rose by 5.7% to ¥1.31 trillion, but as costs rose by 9.5% to ¥1.14 trillion, operating income fell by 14.6% to ¥166.7 billion.

JAL carried 3.9% more passengers during this period welcoming nearly 39 million customers onboard. Load factor was up 0.7 percentage points to 71%. RPKs rose by 3.5% to 59.1 billion, with ASKs up 2.6% to 83.3 billion.

JAL president Yoshiharu Ueki said the airline group would not be revising its operating income forecast of ¥140 billion for the financial year to March 31, 2015. He said: “We will continue to do our best to achieve the targets we set for fiscal year 2014 and prepare ourselves to realize growth from fiscal year 2015.”

Dino D'Amore
By Dino D'Amore May 1, 2014 13:25
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