JAL reports Q1, FY2023 net profit equal to two-third of FY22 full-year profit

Japan Airlines reported a ¥23.063 billion net profit attributable to shareholders for the April 2023 to June 2023 quarter, compared to a ¥-19.583 billion loss in the same period in 2022. The net profit figures for A1 of FY 2023 amounted to almost two-thirds that of the FY22 full-year profit. The full-year 2022 profit was ¥34.4 billion. The Group reported an operating profit of ¥30.855 billion versus ¥-30.267 billion a year ago. Operating expenses increased to ¥353.1 billion from ¥303.1 billion, with fuel, salaries, and other operating expenses all higher year over year. The Group reported a total revenue of 381.4