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Japan Airlines fiscal Q2 profit climbs 5.1% YOY


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Japan Airlines fiscal Q2 profit climbs 5.1% YOY

Japan Airlines Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥129.63 per share, an increase of 7.7% from ¥120.33 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥45.83 billion, a gain of 5.1% from ¥43.62 billion in the year-earlier period.

The normalized profit margin dropped to 12.1% from 12.3% in the year-earlier period.

Total revenue increased 6.4% year over year to ¥377.50 billion from ¥354.72 billion, and total operating expenses grew 6.6% from the prior-year period to ¥303.18 billion from ¥284.37 billion.

Reported net income increased from the prior-year period to ¥58.40 billion, or ¥165.20 per share, from ¥56.69 billion, or ¥156.37 per share.

As of Nov. 1, US$1 was equivalent to ¥114.04.