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Article: Japan Airlines fiscal first-half profit jumps nearly 5-fold
- Article from:
- AP Worldstream
- Article date:
- November 6, 2007
- Author:
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Fiscal first-half profit at struggling Japan Airlines jumped nearly fivefold from a year ago as the airline cut costs and focused on more profitable routes, the carrier said Tuesday.
Japan Airlines, which didn't announce quarterly numbers, reported April-September profit of 7.31 billion yen (US$63.7 million; 44 million), up from 1.51 billion yen earned in the same period a year earlier.
Sales for the six months fell 0.6 percent to 1.143 trillion yen (US$9.97 billion; 6.88 billion) from 1.150 trillion yen.
The airline has been struggling to turn around its business after posting two straight years of losses.
It has also been trying to strengthen quality checks to ...