Japan Airlines back in the black in 1QFY2011; hoping to exceed FY2011 net profit target

Japan Airlines Corp (JAL) reported a net profit of JPY12.76 billion (USD165 million) for the three months to Jun-2011 (1QFY2011) despite a reduction in demand related to the 11-Mar-2011 earthquake and tsunami. The results were an encouraging sign for the remainder of year and came amid an intensified focus on improving cost efficiency and an aggressive scaling down of operations as part of JAL’s rigorous restructuring efforts.

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