Japan Airlines raises profits forecast

Japan Airlines jets are parked at Tokyo's Haneda airport JAL relisted on the Tokyo Stock Exchange in September

Japan Airlines (JAL) has raised its forecast for full-year profits from 130bn yen ($1.7bn; £1.1bn) to 140bn yen after releasing six-month results.

Net profit for the half year to the end of September came in at 99.7bn yen, up 2.3% from the same period last year.

JAL relisted on the Tokyo Stock Exchange in September, having filed for bankruptcy in January 2010 in one of Japan's worst corporate failures.

The raised profit forecast came despite cancelled flights on Chinese routes.

JAL and rival All Nippon Airways both cancelled thousands of flights following protests after Tokyo claimed a group of islands in the East China Sea.

"Despite flight cancellations and a decline in passenger traffic on JAL's China routes from late-September, traffic demand to Europe and South East Asia on the other hand was high," the airline said in its statement.

JAL's share offering was the world's second biggest this year after Facebook.

More on This Story

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

  • Peaky Blinders publicity shotBrum do

    Why is the Birmingham accent so difficult to mimic?


  • Oliver CromwellA brief history

    The 900 year story behind the creation of a UK parliament


  • Image of Ankor Wat using lidarJungle Atlantis

    How lasers have revealed an ancient city beneath the forest


  • TheatreBard taste? Watch

    Are trailer videos on social media spoiling theatre?


  • Agents with the US Secret Service, such as this one, are responsible for guarding the presidentHard at work

    White House break-in adds to Secret Service woes


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.