Jal Profits Gutted By Fuel Price Hike

The airline, which derives more than 50 per cent of revenues from the increasingly competitive international market, saw interim recurring profits fall to Y5 billion ($43.8 million) from Y12.9 billion.

This was in spite of a seven per cent rise in overall revenues, to Y600 billion, on the strength of increased sales from international passenger, cargo and mail services, which were also boosted by the weaker yen.

JAL blamed the weaker profits on a Y14.6 billion rise in its fuel bill