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Japan Airlines fiscal Q2 profit climbs 10.2% YOY

Japan Airlines Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥139.21 per share, a gain of 10.3% from ¥126.24 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥50.46 billion, a gain of 10.2% from ¥45.78 billion in the year-earlier period.

The normalized profit margin rose to 13.4% from 12.2% in the year-earlier period.

Total revenue came to ¥375.90 billion, compared with ¥376.69 billion in the year-earlier period, and total operating expenses fell year over year to ¥292.16 billion from ¥302.45 billion.

Reported net income rose 8.0% from the prior-year period to ¥70.79 billion, or ¥195.28 per share, from ¥65.55 billion, or ¥180.75 per share.

As of Nov. 2, US$1 was equivalent to ¥120.67.