Japan Airlines profit soars but China spat weighs
- Published: 2 Nov 2012 at 20.48
- Online news: Asia
Japan Airlines on Friday raised its full-year profit forecast to $1.74 billion as the carrier, which only exited bankruptcy last year, released its first results since re-listing on Tokyo's stock market.
Japan Airlines (JAL) president Yoshiharu Ueki smiles as he answers questions during a press conference to announce the company's financial results at the Tokyo Stock Exchange in Tokyo. JAL on Friday raised its full-year profit forecast to $1.74 billion as the carrier, which only exited bankruptcy last year, released its first results since re-listing on Tokyo's stock market.
The airline -- whose collapse was one of Japan's worst-ever corporate failures -- said net profit would rise to 140 billion yen ($1.74 billion) in the year to March as it cut costs and enjoyed heavy demand for new international routes.
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