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JAL expecting profit in current fiscal year, net result "very bad"

9-Jun-2010 10:36 AM

Japan Airlines President, Masaru Onishi, confirmed the struggling carrier expects to return to operating profitability in the current fiscal year to Mar-2011, the first time in three years and one year earlier than planned, due to aggressive downsizing and withdrawal from unprofitable routes (Asia Pulse/Nikkei/Asahi Shimbun, 07-Jun-2010). However, he warned that due to extraordinary losses from restructuring, net earnings "would be very bad".