JAL Group Announces First Quarter Consolidated Results for Financial Year 2006.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Aug 7, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - The JAL JAL Jalisco (Mexican state) JAL Jalapa (Guatemala territorial division) JAL Jump And Link JAL Japan Airlines Company, Ltd. Group (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 9205; Xetra: JAY) announced consolidated financial results for the first quarter (April through June June: see month. 2006) of the current financial year (ending March 31 2007). Total 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. for the three-month period were 522.2 billion yen, 18.8 billion yen (+3.7%) more than the same period last year. During the quarter, JAL continued 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). of international passenger routes by concentrating more on high profit and high growth routes. Route restructuring led to an improvement in passenger load factors, and contributed to the 5.2% increase in international passenger revenue during the period. Cost-structure reforms conducted by the JAL Group limited the negative impact that increased fuel costs, up 11.6% on the previous year, and an unfavorable US$ = Yen exchange rate had on 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. . Operating expenses were 554.1 billion yen, up 3.5% on the same period last year. The Group posted a first quarter net result of a 26.7 billion yen loss, an improvement of 11.5 billion yen on the previous year's first quarter net loss of 38.3 billion yen. Over the past 12 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time first quarter result has generally shown a loss, with the loss being made up and profits earned in the second quarter. JAL Group First Quarter Consolidated Results for FY06
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(billions of yen)
Q1 ended June 30,
2006 2005 Change % Change
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Total operating revenue 522.2 503.3 18.8 103.7
International passenger 167.8 159.6 8.2 105.2
Domestic passenger 150.9 150.3 0.6 100.4
International cargo 43.8 41.1 2.6 106.6
Other 159.5 152.3 7.2 104.7
Total operating expenses 554.1 535.4 18.7 103.5
Operating income (loss) -31.9 -32.0 0.1 --
Ordinary income (loss) -35.5 -37.4 1.8 --
Net income (loss) -26.7 -38.3 11.5 --
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Air Transport Segment Details International passenger traffic: Overall passenger demand on international routes was favourable. There was particularly strong demand on Europe, US, Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. and Korea routes. Demand on China routes bounced back, making a remarkable recovery from the negative impact that last year's anti-Japanese demonstrations had on travel to China. Due to an increase in demand for first and business class travel, and fuel surcharges introduced to cope with higher fuel prices, there was an 11.2% increase in unit price. Revenue passenger numbers decreased by 5.8% to 3,192,191 on the same period last year, mainly due to a 11.6% reduction in the number of available seats kilometer kilometer one thousand (103) meters; 3280.83 feet; five-eighths of a mile; abbreviated km. (ASK), the result of route restructuring and aircraft down-sizing. The international passenger load factor was up 4.6 points on the same period last year. Revenue passenger kilometers decreased by 5.4% and revenue grew by 8.2 billion yen (5.2%) to 167.8 billion yen. Domestic passenger traffic: When compared to last year, the domestic revenue passenger total was down by 1.6% to 10,368,755, mainly due to the increase demand generated by the 2005 World Exposition exposition or exhibition, term frequently applied to an organized public fair or display of industrial and artistic productions, designed usually to promote trade and to reflect cultural progress. held in Japan from March 25, 2005. Unit price increased due to fare increases caused by rising fuel costs, resulting in revenues of 150.9 billion yen, up 0.6 billion yen (+0.4%) on the same period last year. JAL increased the number of Class J seats - business class seats - on domestic routes due to popular demand, and expanded its IC check in services. There was a reduction in revenue passenger kilometers of 0.8% - basically no change on the year before. International cargo traffic: Demand out of overseas markets, such as China including 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 generally 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. . Traffic measured in revenue cargo ton kilometers was down 3.4%. However, unit price rose 10.3% when compared to the previous year, due to an increase in the percentage of high yield cargo carried, and due to revised fuel surcharges. Revenue was up by 2.6 billion yen (+6.6%) to 43.8 billion yen. Fuel: This year's first quarter fuel costs rose to an average of US$82.0 per barrel of Singapore Kerosene kerosene or kerosine, colorless, thin mineral oil whose density is between 0.75 and 0.85 grams per cubic centimeter. A mixture of hydrocarbons, it is commonly obtained in the fractional distillation of petroleum as the portion boiling off , compared to an average price of US$66.7 in the same period last year. Countermeasures That form of military science that, by the employment of devices and/or techniques, has as its objective the impairment of the operational effectiveness of enemy activity. See also electronic warfare. such as fuel hedging Fuel hedging is the practice, often employed by airline companies, of making advance purchases of fuel at a fixed price for future delivery to protect against the shock of anticipated rises in price. See also
Foreign exchange: The average US dollar - yen exchange rate for the period was US$1.00 = 115 yen, compared to a rate of US$1= 106.7 yen for the previous year. The exchange rate had a negative effect on operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of minus 6 billion yen. Forecast for the Year Ending March 31, 2007 The forecast for the consolidated results for the year ending March 31, 2007 is unchanged on the forecast made on May 10, 2006. Consolidated Financial Forecast for the Year Ending March 31, 2007 (As of May 10, 2006)
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(millions of yen)
FY2006 Difference on FY2005
Ended March 31, 2007 Ended March 31, 2006
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1) Consolidated
operating revenues: 2,301,000 101,700
International passenger 725,000 34,800
Domestic passenger 703,000 43,100
International cargo 198,000 17,500
Other 675,000 6,500
2) Consolidated operating income 17,000 43,800
3) Consolidated ordinary income 500 42,100
4) Consolidated net income 3,000 50,200
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JAL Group Consolidated Traffic Statistics First Quarter
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Q1 ended June 30, %Change/
2006 2005 points
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International
Passenger number 3,192,191 3,390,003 94.2%
Revenue passenger Kilometers (000) 15,341,359 16,219,477 94.6%
Avaialable seat Kilometers (000) 21,961,711 24,854,560 88.4%
Revenue seat Kilometers (000) 69.9% 65.3% 4.6
Revenue cargo ton Kilometers (000) 1,049,579 1,086,497 96.6%
Mail ton Kilometers (000) 38,548 37,669 102.3%
Revenue ton Kilomemters (000) 2,510,256 2,628,343 95.5%
Available ton Kilometers 3,819,694 4,122,269 92.7%
Revenue weight load factor 65.7% 63.8% 1.9
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Domestic
Passenger number 10,368,755 10,542,344 98.4%
Revenue passenger Kilometers (000) 7,724,386 7,786,396 99.2%
Avaialable seat Kilometers (000) 12,779,296 12,732,734 100.4%
Revenue seat Kilometers (000) 60.4% 61.2% -0.8
Revenue cargo ton Kilometers (000) 90,637 91,801 98.7%
Mail ton Kilometers (000) 19,327 19,028 101.6%
Revenue ton Kilomemters (000) 697,319 693,591 100.5%
Available ton Kilometers 1,500,428 1,493,280 100.5%
Revenue weight load factor 46.5% 46.4% 0.1
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Total
Passenger number 13,560,946 13,932,347 97.3%
Revenue passenger Kilometers (000) 23,065,745 24,005,873 96.1%
Avaialable seat Kilometers (000) 34,741,007 37,587,294 92.4%
Revenue seat Kilometers (000) 66.4% 63.9% 2.5
Revenue cargo ton Kilometers (000) 1,140,216 1,178,298 96.8%
Mail ton Kilometers (000) 57,875 56,697 102.1%
Revenue ton Kilomemters (000) 3,207,575 3,321,934 96.6%
Available ton Kilometers 5,320,122 5,615,549 94.7%
Revenue weight load factor 60.3% 59.2% 1.1
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International results include data from JAL, Japan Asia Airways Japan Asia Airways, Co., Ltd. (日本アジア航空株式会社 and JALways. Domestic results include data from JAL, Japan Transocean Air Japan Transocean Air Co., Ltd. (日本トランスオーシャン航空株式会社 , JAL Express, Japan Air Commuter Japan Air Commuter Co., Ltd. (日本エアコミューター株式会社 , Hokkaido Air System Hokkaido Air System Co., Ltd. (株式会社北海道エアシステム and J-Air.. Domestic results for the 1st quarter FY2006 also includes data from Ryukyu Air Commuter. DISCLAIMER (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the Certain statements made in this document, including some management strategies and targets, may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which reflect management's views and assumptions. We may not be successful in implementing our business strategies, and management may fail to achieve its targets. The management targets and other forward-looking statements involve current assumptions of future events as well as risks and uncertainties that could significantly affect expected results, including without limitations adverse economic or political conditions in Japan or other countries; increased jet fuel prices; negative changes in foreign exchange rates; terrorist attacks and military conflicts, and health epidemics This article is a list of major epidemics. Worldwide Pandemics
About Japan Airlines Corporation The JAL Group (TSE: 9201) is Japan's leading air transportation group, resulting from the integration of Japan Airlines and Japan Air System on October 2, 2002. On April 1, 2004 the Group was reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. under a single "JAL/ Japan Airlines" brand, with Japan Airlines Domestic handling domestic passenger operations and Japan Airlines International responsible for international passenger and cargo operations. Coordinating the group is Japan Airlines Corporation, a holding company. JAL International and JAL Domestic will be integrated into one company in October 2006. For more information, please visit www.jal.com. Source: Japan Airlines Corporation Contact: Geoffrey Tudor geoffrey.tudor@jal.com Stephen Pearlman stephen.pearlman@jal.com Telephone: 81-3-5460-3109 Fax: 81-3-5460-3108 www.jal.com/en/corporate/ Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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