JAL expects solid full-year results

Japan Airlines expects to make its biggest full-year operating profit in nearly a decade, thanks to cost cutting efforts. For the full business year ending March 2012, the company, which remains unlisted after its bankruptcy, set a new earnings outlook. It now expects a net profit of Y120 billion, considerably higher than its previous forecast for Y75.7 billion, as well as an operating profit of Y140 billion and revenue of Y1.150 trillion For the first half, JAL said it generated a net profit of Y97.4 billion. JAL also posted an operating profit of Y106.1 billion on revenue of Y599.8 billion