Japan Airlines Net Profit Increases 2.8-fold In FY 2023

Faizan Hashmi Published May 02, 2024 | 03:10 PM

Japan Airlines net profit increases 2.8-fold in FY 2023

TOKYO, (APP - UrduPoint / Pakistan Point News - 2nd May, 2024) Japan Airlines (JAL) saw a 2.8-fold increase in net profit in fiscal 2023 that ended March, the airline announced on Thursday.

The airline said its net profit rose to 95.53 billion Yen (about 614 million U.S. Dollars) from the previous year, thanks to a post-COVID surge in travel demand.

Post-COVID-19 demand recovery led to significant increases in revenue, reaching 1.65 trillion yen, up 20 percent from a year earlier, JAL said.

For the current fiscal year ending next March, the major Japanese air carrier expects its net profit to rise 4.7 percent to reach 100 billion yen on sales of 1.93 trillion yen, up 16.8 percent.

Facebook Twitter Reddit Pinterest Whatsapp

Recent Stories

Ukraine trying to 'stabilise' front as Russia push ..

Ukraine trying to 'stabilise' front as Russia pushes northeast

SPSC announces final results of Combined Competiti ..

SPSC announces final results of Combined Competitive Examination 2020

Slovak PM is able to speak few sentences in seriou ..

Slovak PM is able to speak few sentences in serious condition

Agriculture dept using all resources to obtain cot ..

Agriculture dept using all resources to obtain cotton sowing target

Tunisia president blasts foreign criticism of arre ..

Tunisia president blasts foreign criticism of arrests

Court seeks arguments in PTI founder's bail plea

Court seeks arguments in PTI founder's bail plea

'Good neighbour': The small-town Slovak writer sus ..

'Good neighbour': The small-town Slovak writer suspected of PM shooting

Russia expels UK defence attache in tit-for-tat mo ..

Russia expels UK defence attache in tit-for-tat move

Court reserves verdict in PTI founder's acquittal ..

Court reserves verdict in PTI founder's acquittal plea

Cannes film shocks with fairy-tale horror on abort ..

Cannes film shocks with fairy-tale horror on abortion

Turkey court jails Kurdish leader for 42 years ove ..

Turkey court jails Kurdish leader for 42 years over 2014 unrest

KP Governor; Aftab Sherpao discuss political situa ..

KP Governor; Aftab Sherpao discuss political situation of KP