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Jasc Posts US$100 Million Profit For FY0203

Fri May 16, 2003 4:30 pm

Japan Airlines System Corporation has posted a surprise operating profit for the FY0203 as stronger cargo demand offset a decline in passenger numbers.

The airline posted a Y22 billion / US$188 906 062 loss for the full year. However, operating profit was Y10.6 billion / US$91 018 375 compared with a loss of Y1 billion / US$8 586 639.

Net profit of Y11.65 billion / US$100 034 347 was reported due to one-off rebates on planes bought. The forecast for this year by the airline is a loss of Y43 billion / US$369 225 485.

More information at the Reuters / Yahoo website

Information was gathered from the above hyperlinked webpage. Full information can be viewed by clicking the above hyperlinked webpage. Information was rephrased and not copied and pasted with the exception of quotes. Currency conversion from Japanese Yen to U.S.A. Dollars courtesy of the Singaporeair.com Currency Converter

[Edited 2003-05-16 09:31:30]
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