Japan Airlines has reported a net loss of ¥63.1 billion (US$651.2 million) for the 2009 fiscal year ended 31 March, reversing a net profit of ¥16.9 billion a year earlier. JAL recorded a 12.5 per cent decline in group revenue to ¥1.95 trillion, while international cargo revenue slumped 23 per cent to ¥152.1 billion. The company is forecasting further decreases in revenue of ¥203.1 billion in the current year but hopes to offset that with a ¥195 billion reduction in operating expenses and as a result expects operating income to be only marginally lower than the figures posted in FY09. It estimated that the net loss will be similar.
Related Articles
- Lufthansa Cargo presents commitment to transforming the aviation industry
- Lufthansa Cargo continues to rely on the cargo handling services of Vienna Airport
- Vietjet Air Cargo, Teleport deepen partnership with exclusive commercial rights on first key lane
- Budapest Airport Revolutionises Cargo Operations With Kale Info Solutions’ Airport Cargo Community System
- RTX’s Pratt & Whitney announces GTF MRO capacity expansion at West Palm Beach facility
- Qatar Airways Announces the Launch of Flights to Kinshasa, Democratic Republic of Congo