JAL Group operating profit down 15% in 1HFY2013, raises FY guidance on strong SE Asia routes

JAL Group revenue up 4% - financial highlights for six months ended 30-Sep-2013:

• Total operating revenue: JPY659,300 million (USD6670 million), +4.0% year-on-year;
• • International passenger: JPY222,200 million (USD2248 million), +5.7%;
  • Domestic passenger: JPY251,700 million (USD2547 million), +0.5%;
  • Cargo: JPY38,900 million (USD393.6 million), +2.7%;
• Total operating costs: JPY563,400 million (USD5700 million), +7.9%;
• Operating profit: JPY95,800 million (USD969.2 million), -14.6%;
• Net profit: JPY81,900 million (USD828.6 million), -17.8%;
• Total assets: JPY1261 billion (USD12,762 million);
• Net assets: JPY636.5 billion (USD6440 million);
• FY2013 forecast:
• • Operating revenue: JPY1286 billion (USD13,011 million), +1.1% compared to previous forecast;
  • Operating profit: JPY155 billion (USD1568 million), +10.7%;
  • Net profit: JPY128 billion (USD1295 million), +8.5%. [more - original PR]

JAL Group: "Consolidated operating revenues for the full year are expected to increase by 14.0 billion yen from the previously announced forecast, due to a revision of market preconditions, and strong demand on Southeast Asia routes, etc. Consolidated operating expenses for the full year are expected to decline by 1.0 billion yen from the previously announced forecast due to falling fuel prices and continuous cost reduction initiatives in the second half of the fiscal year, though foreign currency rates may push costs upward. Consolidated operating income for the full year reflecting the above factors is expected to increase by 15.0 billion yen from the previous forecast." Source: Company statement, 31-Oct-2013.