Japan Airlines raises FY2018 forecast as 1Q unit revenue and demand exceed expectations

Japan Airlines raised (31-Jul-2017) its financial forecast for FY2017 ending in 31-Mar-2018 citing international passenger unit revenue, domestic passenger demand, and cargo demand outperformed their respective forecasts for the quarter ended 30-Jun-2017. Revised forecasts are as follows:

• Operating revenue: JPY1348 billion, +0.7% compared to previous forecast;
  • International passenger: JPY456 billion, +0.2%;
  • Domestic passenger: JPY507 billion, +0.8%;
  • Cargo and mail: JPY83 billion, +2.5%;
• Operating costs: JPY1195 billion, -0.2%;
• Operating profit: JPY153.0 billion, +7.7%;
• Net profit: JPY108.0 billion, +8.0%;
• Earnings per share: JPY305.50, +8.0%;
• Passenger traffic (RPKs): +2.5%;
  • International: +3.3%;
  • Domestic: +1.3%;
• Capacity (ASKs): +2.1%;
  • International: +2.7%;
  • Domestic: +1.4%. [more - original PR]