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29-Apr-2016 2:16 AM

JAL Group reports record operating profit in FY2015, FY2016 forecast remains unchanged

JAL Group revenue down 1% - financial highlights for 12 months ended 31-Mar-2016:

  • Total operating revenue: JPY1337 billion (USD11,138 million), -0.6% year-on-year;
    • Domestic passenger: JPY501.2 billion (USD4176 million), +2.8%;
    • International passenger: JPY448.7 billion (USD3739 million), -1.3%;
    • Cargo: JPY77.6 billion (USD646.6 million), -8.2%;
  • Total operating costs: JPY1127 billion (USD9395 million), -3.2%;
    • Labour: JPY249.9 billion (USD2082 million), +4.0%;
    • Fuel: JPY228.1 billion (USD1901 million), -19.3%;
  • Operating profit: JPY209.2 billion (USD1743 million), +16.4%;
  • Net profit: JPY181.0 billion (USD1508 million), +17.6%;
  • Passenger numbers:
    • Domestic: 32.1 million, +1.5%;
    • International: 8.1 million, +3.7%;
  • Passenger load factor:
    • Domestic: 67.9%, +1.8 ppt;
    • International: 78.8%, +3.1 ppts;
  • Total assets: JPY1579 billion (USD13,157 million);
  • Cash and time deposits: JPY420.3 billion (USD3503 million);
  • Total liabilities: JPY708.4 billion (USD5903 million);
  • FY2016 forecast:

*Based on the average conversion rate at JPY1 = USD0.008333

JAL Group: "During the reporting period of consolidated financial results for the fiscal year ended March 31, 2016, the Japanese economy maintained its moderate recovery and personal consumption remained robust in general. Overseas economics including the U.S. economy recovered in general, although weakness was observed in some areas such as China and emerging countries in Asia. On the other hand, the number of international visitors to Japan, which affects our passenger revenue, totaled 21,359 thousand in FY2015, representing a significant increase of 45.6% over the previous year. Fuel prices, which impact our fuel purchasing costs, international passenger revenue and international cargo revenue, were lower than they were the year before, but the JPY/USD foreign exchange rate continued to show weakness in the yen." Source: Company statement, 28-Apr-2016.

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