JAL Group reports mixed 2013 results

JAL Group has announced its consolidated financial results for the full fiscal year of 2013 ended 31 March 2014.


JAL Group reports mixed 2013 results


JAL Group has announced its consolidated financial results for the full fiscal year of 2013 ended 31 March 2014. It reported that revenues increased year-on-year by 5.7 per cent to ¥1.3 billion (US$12.8 million). The company also recorded operating income of ¥166.7 billion, a year-on-year decline of 14.6 per cent with the Group’s margin standing at 12.7 per cent.

In its international cargo operations JAL maximised its revenue through extensive revenue control management, it said. The volume of international cargo transported during the reporting period in RFTK terms increased by 9.7 per cent year-on-year, while international cargo revenue rose by 7.4 per cent year-on-year to ¥54.2 billion.

In domestic cargo operations the volume of cargo transported increased by 1.9 per cent year-on-year, while revenue climbed to ¥25.4 billion, a 1.9 per cent rise. JAL attributed this growth to its efforts to strengthen relationships with customers and acquire new shipments to maximise revenue.