Air Transport World

Profits declined.(Brief Article)(Statistical Data Included)

Profits declined sharply at All Nippon Airways and Japan Airlines for the fiscal half-year to Sept. 30, with both carriers citing weak demand for business travel and fierce competition in the domestic arena for their lackluster results (see table).

In contrast, Japan Air System, on the wings of an 80% rise in international passenger sales, posted a 61.8% pre-tax earnings increase as revenues climbed 2.7% to [yen]175.9 billion. Net income surged to [yen]4 billion ($38.4 million). The country's third-largest carrier said it will cut 20% of its 5,500-person workforce and reduce group debt 27% by March 2004.

Strenuous cost-cutting efforts at JAL helped the carrier offset a 2. …

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