Financial Round Up
Japan’s legacy carriers report profits
May 4th 2015
All Nippon Airways’ (ANA’s) annual net profit more than doubled, to 39.2 billion yen ($330 million), for the year ended March 31, logging record revenue as expansion at Tokyo’s Haneda airport boosted its international network. Read More »
Rival Japan Airlines (JAL) said its net profit dropped 10.3% to 149 billion yen ($1.25 billion) as the benefit from lower fuel prices was wiped out by the tumbling yen.
For the fiscal year to March 31, 2016, ANA has forecast net profit to increase 32%, to 52 billion yen, while JAL is bracing for a 3.4% drop to 144 billion yen.
