Japan Airlines reports a profit of 16.6bn yen for nine months to December 2022

Japan Airlines reported a turnaround profit for the nine-months to December 31, 2022. The airlines reported that the increase in revenue was driven by an increased passenger demand. For the nine-month period, the Japan Airlines reported a profit of 16.3 billion yen, compared with a loss of 128.3 billion yen posted for the same period of previous year. EBIT was at 34.7 billion yen as against a loss of183.3 billion yen of previous year. Operating expenses rose to 990.1 billion yen from last year’s 687.9 billion yen. The Group generated revenue of 1.005 trillion yen, compared with 498.4 billion yen