Terror attacks hit Japanese carrier profits

BTN News
Thursday, 04 August 2016

Japan’s two biggest airlines - ANA Holdings and Japan Airlines - have reported drops in net profit for the April-June period thanks to terror attacks in Europe and earthquakes in southern Japan.


ANA (parent of All Nippon Airways) said its net profit fell 21 per cent to JPY6.6 billion in Q2 compared to a year earlier, on revenues of JPY404.4 billion. ANA also said business travel to Europe was holding up, but leisure travel was down.


Japan Airlines reported a 55 per cent profit fall to JPY14.7 billion in Q2. Revenue dropped five per cent to JPY297.2 billion.


However, both ANA and JAL have held their profit projections for the current fiscal year ending March 2017. ANA expects JPY80 billion, while JAL expects JPY192 billion.

Terror attacks hit Japanese carrier profits

BTN News
Thursday, 04 August 2016

Japan’s two biggest airlines - ANA Holdings and Japan Airlines - have reported drops in net profit for the April-June period thanks to terror attacks in Europe and earthquakes in southern Japan.


ANA (parent of All Nippon Airways) said its net profit fell 21 per cent to JPY6.6 billion in Q2 compared to a year earlier, on revenues of JPY404.4 billion. ANA also said business travel to Europe was holding up, but leisure travel was down.


Japan Airlines reported a 55 per cent profit fall to JPY14.7 billion in Q2. Revenue dropped five per cent to JPY297.2 billion.


However, both ANA and JAL have held their profit projections for the current fiscal year ending March 2017. ANA expects JPY80 billion, while JAL expects JPY192 billion.