Company Watch - Japan Airlines Group.For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Aug 14, 2006 Japan Airlines Group management has not changed its forecast for the full fiscal year. It is expecting a modest net profit of [yen]3 billion built on an increase in revenues to [yen]2.3 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. . The group also is looking to its oneworld membership to improve revenue streams, while a major restructure of its fleet will help rein in rein in Verb 1. to stop (a horse) by pulling on the reins 2. to restrict or stop: either prices or wage packets had to be reined in Verb 1. costs. It is building its fleet around smaller types including the 737-800, 767-300ER, 777 and 787. This year it will complete the retirement of the A300 and YS-11. Thirty 747 Classics will be retired by FY09. At the same time it is converting eight 747-400s to 747-400BCFs. The 747s are being replaced by 777s. Aug 8, 2006 Japan Airlines Group narrows losses, forecasts modest full-year profit. JAL JAL Jalisco (Mexican state) JAL Jalapa (Guatemala territorial division) JAL Jump And Link JAL Japan Airlines Company, Ltd. appears to have made significant progress in its restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). with a fiscal first-quarter loss of [yen]26.7 billion ($233.2 million) set against sharply increased fuel costs, an improvement over the year-ago period's [yen]38.3 billion loss.Over the past 12 years JAL typically has posted a loss in the quarter ended June 30. All numbers in the recently completed quarter were positive. Operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. were up 3.7% to [yen]522.2 billion and international traffic revenue rose 5.2%, reflecting a focus on high-profit and high-growth-rate routes. Cost-structure reforms limited the negative impact of an 11.6% increase in fuel costs and an unfavorable US dollar-yen exchange rate. Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. rose only 3.5% to [yen]554.1 billion. Aug 8, 2006 Japan Airlines Group's international restructuring resulted in better numbers. Higher demand for first and business class travel and fuel surcharges combined to raise yields 11.2%. That was offset by a 5.8% decline in passenger numbers to 3.2 million brought about by an 11.6% reduction in ASKs due to network and fleet restructuring. International load factor climbed 4.6 points to 69.9%. On the domestic front, traffic fell 1.6% to 10.37 billion ASKs while yield lifted on fare increases. Domestic revenue was up 0.4% to [yen]150.9 billion. Aug 8, 2006 Japan Airlines Group Cargo results were mixed. Demand out of China and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. was weak but demand from Japan was buoyant Buoyant The term used to describe a commodities market where the prices generally rise with ease when there are considerable signals of strength. Notes: These types of markets can be very volatile as the prices are rapid to rise and fall with investor sentiment. . Overall traffic was down 3.4%, but yield rose 10.3% due to an increase in the percentage of high-yield cargo and fuel surcharges. Aug 8, 2006 |
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