Air Transport World

Japan Airlines System Corp.(Asia/Pacific report)(net loss for first half)(Brief Article)

Japan Airlines System Corp., the holding company of Japan Airlines and Japan Air System, reported a massive [yen] 57.59 billion ($532.1 million) net loss for the fiscal first half ended Sept. 30, reversing a net profit of [yen] 37.1 billion in the prior-year period. Total operating revenues dropped 11.4% to [yen] 944.48 billion as the SARS outbreak and the Iraq war dragged international passenger revenue down 28.8%, partially offset by a 4.1% increase in domestic passenger revenue. Operating expenses decreased 3.7% to [yen] 992.9 billion, resulting in a [yen] 49. …

Log in to your account to read this article – and millions more.