JAL says nine-month net profit slips, ups year forecast
TOKYO (AFP) - Japan Airlines (JAL) said on Monday that its net profit in the nine months to December slipped 3.7 per cent to US$1.52 billion (S$1.9 billion), but the carrier boosted its full-year profit estimate.
JAL, which re-listed its shares in Tokyo last year after a high-profile bankruptcy restructuring, said it booked a 140.64 billion yen (S$1.9 billion) net profit in the nine-month period, while upping its profit estimate for the year to March to 163 billion yen from an earlier 140 billion yen forecast.
Sales over the nine-month period were up 3.6 percent at 942.04 billion yen.
JAL credited the upward full-year profit revision to an expected income boost "from new products and services as our business in Europe and the United States as well as Southeast Asia are performing well, despite concerns over the suspension in service of the Boeing 787".