JAL’s profit drops despite strong cargo revenue

Japan Airlines (JAL) reported a 3.1 per cent year-on-year drop in group net profit for the first three quarters of fiscal 2014, to 119.684 billion yen (US$1.01 billion), despite a nearly double-digit rise in international cargo revenue.


JAL’s profit drops despite strong cargo revenue


Japan Airlines (JAL) reported a 3.1 per cent year-on-year drop in group net profit for the first three quarters of fiscal 2014, to 119.684 billion yen (US$1.01 billion), despite a nearly double-digit rise in international cargo revenue.

Despite the fall in profit, JAL raised its full-year earnings forecast to a net profit of 139 billion yen – against a previous projection of 135 billion yen – owing to falling fuel costs and stronger revenue in its cargo business.