JAL reports second consecutive annual profit in FY2011; targets USD1.9bn operating profit in FY2012
JAL Group announced (14-May-2012) an operating profit of JPY204,900 million (USD2595 million) and a net profit of JPY186,600 million (USD2363 million) in the 12 months ended 31-Mar-2012. Details include:
- Total operating revenue: JPY1205 billion (USD15.3 billion);
- Domestic passenger: JPY481.1 billion (USD6.1 billion);
- International passenger: JPY385.2 billion (USD4.9 billion);
- Cargo: JPY78.8 billion (USD997.8 million);
- Others: JPY259.5 billion (USD3.3 billion);
- Total operating costs: JPY999.8 billion (USD12.7 billion);
- Operating profit: JPY204.9 billion (USD2595 million);
- Net profit: JPY186.6 billion (USD2363 million);
- Passenger traffic (RPKs):
- Domestic: -12.3%;
- International: -20.3%;
- Load factor:
- Domestic: 62.7%, +0.8 ppt;
- International: 70.4%, -3.1 ppts;
- Cargo traffic (FTKs):
- Domestic: -11.4%;
- International: -36.9%;
- Total assets: JPY1088 billion (USD13.8 billion), -9.8%;
- Net assets: JPY413.8 billion (USD5.2 billion), +89.4%;
- FY2012 forecast:
- Operating revenue: JPY1220 billion (USD15.4 billion);
- Operating profit: JPY150 billion (USD1.9 billion);
- Net profit: JPY130 billion (USD1.6 billion). [more - original PR]
*Based on the average conversion rate at USD1 = JPY78.97 for the period
JAL Group: "The outlook for fiscal year 2012 is uncertain due to the prevailing economic situation faced by the company, such as concerns of a downward swing in the global economy due to the European financial crisis and rising fuel prices caused by geopolitical risks in the Middle East. The operating environment is also entering a new phase with the launch of JAL's Boeing 787 Dreamliner and the entry of Low Cost Carriers (LCC) into the Japanese market." Source: Company statement, 14-May-2012.