Japan's two biggest airlines logged improved results for the April-to-December period last year as demand for travel rebounded.
Japan Airlines says group sales for the 9 months roughly doubled from a year earlier in yen terms, to over 1 trillion yen, or over 7.8 billion dollars.
Net profit stood at 16.3 billion yen, or about 127 million dollars. It was the first time in three years the figure was in the black for the period.
The Japanese government's travel subsidy program gave a boost to tourism last fall. The country's border controls to prevent the spread of the coronavirus were eased at the same time.
Japan Airlines' main competitor, ANA Holdings, saw group sales for the April-to-December period rise about 70 percent. The figure was just over 1.25 trillion yen, or over 9.7 billion dollars.
The firm's net profit stood at 62.6 billion yen, or about 486 million dollars. That was a rebound from a loss last year.
Japan Airlines says group sales for the 9 months roughly doubled from a year earlier in yen terms, to over 1 trillion yen, or over 7.8 billion dollars.
Net profit stood at 16.3 billion yen, or about 127 million dollars. It was the first time in three years the figure was in the black for the period.
The Japanese government's travel subsidy program gave a boost to tourism last fall. The country's border controls to prevent the spread of the coronavirus were eased at the same time.
Japan Airlines' main competitor, ANA Holdings, saw group sales for the April-to-December period rise about 70 percent. The figure was just over 1.25 trillion yen, or over 9.7 billion dollars.
The firm's net profit stood at 62.6 billion yen, or about 486 million dollars. That was a rebound from a loss last year.
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Summary
Japanese airlines Japan Airlines and ANA Holdings reported improved financial results for the April-December period of last year, with travel demand recovering. Japan Airlines recorded a net profit of 16.3 billion yen (127 million USD) after three years in the red, while group sales doubled to
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ID: 1da1559d-1ca7-420d-aa98-fde59fd02843
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230203_20/
Date: Feb. 3, 2023
Created: 2023/02/03 20:09
Updated: 2025/12/09 07:55
Last Read: 2023/02/03 20:11