JAL Group reports operating profit in first nine months of FY2011, raises full year forecast

JAL Group reported (02-Feb-2012) the following financial highlights for nine months ended 31-Dec-2011:

• Total operating revenue: USD11,831 million;
• Total operating costs: USD9727 million;
• Operating profit: USD2103 million;
• Ordinary profit: USD2030 million;
• Net profit: USD1900 million;
• Passenger traffic (RPKs):
  • Domestic: -16.9%;
  • International: -27.5% year-on-year;
• Load factor:
  • Domestic: 63.3%, rose slightly;
  • International: 68.8%, -6.0 ppts;
• Total assets: USD13,618 million, -91.3% when compared to period ended 31-Mar-2011;
• Net assets: USD47,008 million, +65.5% when compared to period ended 31-mar-2011;
• FY2011 forecast:
  • Operating revenue: USD15,487 million;
  • Operating profit: USD2343 million;
  • Net profit: USD2082 million. [more - Original PR]

*Based on the conversion rate at USD1 = JPY76.8375

JAL Group: "The outlook for consolidated results for the full year of fiscal 2011 has been revised from the previous forecast which was announced on 08-Nov-2011 along with the financial results for the first half of fiscal year 2011. Revenue for the third quarter of fiscal year 2011 has increased from the original projection in part due to the high yen rate, which encouraged international leisure travel from Japan, as well as from stable corporate travel demand, while domestically, reservations for special occasions were made convenient to help improve earnings," Company statement. Source: JAL Group, 02-Feb-2012.