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Japan Airlines fiscal Q3 profit falls YOY

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Japan Airlines fiscal Q3 profit falls YOY

Japan Airlines Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, amounted to ¥79.39 per share, compared with ¥80.14 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥28.48 billion, a decline from ¥29.05 billion in the prior-year period.

The normalized profit margin rose to 8.8% from 8.7% in the year-earlier period.

Total revenue decreased on an annual basis to ¥323.56 billion from ¥335.48 billion, and total operating expenses declined year over year to ¥278.69 billion from ¥285.45 billion.

Reported net income declined 8.5% on an annual basis to ¥36.88 billion, or ¥102.79 per share, from ¥40.29 billion, or ¥111.14 per share.

As of Feb. 1, US$1 was equivalent to ¥113.46.