This first reporting period since going public is a good win for JAL, but the rise of low-cost carriers in Japan is a looming threat to future quarters.
Japan Airlines Co., (JALFQ.PK,JALSQ.PK), an international airline headquartered in Tokyo, Friday reported higher profit for the half-year period, reflecting a rise in revenue. Further, the company revised its full-year forecast. For the first half, the company reported net income of 99.7 billion yen compared with 97.4 billion yen a year ago. The company posted operating income of 112.1 billion yen compared with 106.1 billion yen in the comparable prior-year period.
Operating revenue for the six-month period stood at 634.2 billion yen, up from 599.8 billion yen for the prior-year period. Looking ahead, the company has lowered its full-year operating revenue expectations to 1.215 trillion yen from 1.22 trillion yen. However, operating income is expected to be higher at 165 billion yen compared with 150 billion yen of the previous forecast. Net income is now expected to be 140 billion yen compared with the previously anticipated 130 billion yen.
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