JAL Group operating profit own 39% in 1QFY2016 but maintains full year outlook

JAL Group revenue down 5% - financial highlights for three months ended 30-Jun-2016:

• Operating revenue: JPY297.2 billion (USD2755 million), -5% year-on-year;
• • Domestic passengers: JPY109,427 million (USD1014 million), -0.4%;
  • International passengers: JPY99,551 million (USD922.6 million), -9.1%;
  • Domestic cargo: JPY5487 million (USD50.9 million), -4.7%;
  • International cargo: JPY9945 million (USD92.2 million), -32.6%;
• Operating costs: JPY227.7 billion (USD2110 million), -1%;
• Operating profit: JPY22.1 billion (USD204.7 million), -39%;
• Net profit: JPY16.1 billion (USD149.0 million), -53%;
• Passenger numbers: 9.5 million, -1.3%;
• • Domestic: 7.5 million, -1.0%;
  • International: 2.1 million, -2.3%;
• Passenger load factor:
• • Domestic: 63.7%, +0.6 ppt;
  • International: 78.2%, -0.6 ppt;
• Total assets: JPY1554 billion (USD14.4 billion);
• Cash and deposits: JPY344.2 billion (USD3.2 billion);
• Total liabilities: JPY705.6 billion (USD6.5 billion);
• FY2016 forecast:
• • Operating revenue: JPY1343 billion;
  • Operating profit: JPY201 billion;
  • Net profit: JPY192 billion. [more - original PR]

*Based on the average conversion rate at JPY1 = USD0.009268 for Jun-2016 quarter
*Based on the average conversion rate at JPY1 = USD0.008244 for Jun-2015 quarter

JAL Group: "There are no changes in the forecast of consolidated financial results for the full fiscal year ending March 31, 2017, announced in "Consolidated Financial Results for the year ended March 31, 2016" disclosed on April 28, 2016." Source: Company statement, 29-Jul-2016.