TOKYO (AP) - Japan Airlines Corp. sank into a loss for the first half through September as soaring fuel prices and safety concerns eroded profits, the nation's top carrier said Monday.
Japan Airlines, known as JAL, posted group net loss of 12.04 billion yen (US$102 million; euro86 million) for the six months -- the airlines' first half-year loss in two years. The Tokyo-based company had recorded an 82.96 billion yen profit the same period a year ago.
Sales for the period rose 3.4 percent to 1.11 trillion yen (US$9.4 billion; euro7.9 billion) from 1.08 trillion yen a year ago.
Japan Airlines revised its earnings forecast for the full year ending March 31, 2006, to a 47 billion yen (US$397 million; euro336.5 million) loss. It had previously expected a 17 billion yen (US$144 million; euro122 million) profit.
It slashed its revenue outlook to 2.195 trillion yen (US$18.6 billion; euro15.7 billion), down from its earlier 2.209 trillion yen (US$18.7 billion; euro15.8 billion) prediction.