Japan Airlines Corporation and Consolidated Subsidiaries FY2006 Third Quarter Results.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, Feb 6, 2007 - (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) - JAL JAL Jalisco (Mexican state) JAL Jalapa (Guatemala territorial division) JAL Jump And Link JAL Japan Airlines Company, Ltd. Group today announced consolidated results for the third quarter (October-December 2006 inclusive) for the financial year ending March 31 2007 (FY 2006). 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 584.1 billion Japanese yen “Yen” redirects here. For the other use, see Yen (disambiguation). “JPY” redirects here. For the Australian singer with the same moniker, see John Paul Young. , up 4.9% on the same period last year. Operating costs operating costs npl → gastos mpl operacionales were 598.1 billion yen (4.3% up on last year), resulting in a third quarter operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of 14.0 billion yen. JAL recorded an ordinary loss of 13.0 billion yen and a net loss of 10.8 billion yen, compared to an ordinary loss of 20.6 billion yen and a net loss of 11.0 billion yen over the same period in the previous fiscal year. For the first three quarters of financial year 2006 (April 1 - December December: see month. 31, 2006), total operating revenues were 1,734.1 billion yen, up 3.9% on the same period last year. 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. were 1,740.0 billion yen (4.2% up on last year), resulting in an operating loss of 5.8 billion yen over the nine-month period. An ordinary loss of 7.7 billion yen and a net loss of 9.3 billion yen were recorded, compared to an ordinary loss of 10.8 billion yen and a net loss of 23.0 billion yen during the same period in the previous fiscal year. JAL Group Consolidated FY06 Results for the Period April 2006 - December 2006
Japanese yen - billions
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FY06 FY05
(end 3/07) (end 3/6) Variation % change
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Operating revenue 1,734.1 1,669.2 64.8 103.9%
1. International Passenger 549.2 528.2 21.0 104.0%
2. Domestic passenger 514.8 504.2 10.6 102.1%
3. International cargo 145.5 138.6 6.8 105.0%
4. Other 524.4 498.2 26.2 105.3%
Operating expenses 1,740.0 1,670.1 69.8 104.2%
Operating income (loss) -5.8 -0.8 -5.0 -
Ordinary income (loss) -7.7 -10.8 3.1 -
3rd Quarter Net income (loss) -9.3 -23.0 13.7 -
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1. 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. (April - December 2006) International passenger traffic: Due to route 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). and aircraft downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing , supply measured in available seat kilometers (ASK) decreased by 10.4% from the same period last year. Business traveler and tourist demand was strong on China, Korea Korea (kôrē`ə, kə–), Korean Hanguk or Choson, region and historic country (85,049 sq mi/220,277 sq km), E Asia. and 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. routes. Passenger demand on China routes has fully recovered from the effects of anti-Japanese demonstrations held in China in April 2005. Measured in revenue passenger kilometers (RPK RPK Republican Party of Kentucky RpK Rocketplane Kistler (Oklahoma City, OK aerospace company) RPK Revenue Passenger Kilometre RPK Random Player Killing (gaming) ), overall there was a decline in passenger demand of 6.9% when compared to the same period last year. The international flight seat load factor for the Group was up 2.7 points on the previous year to 71.0%. Unit price increased by 11.7% compared to the previous year, mainly due to a revision of fares and fuel surcharges. Revenue over the period increased by 21.0 billion yen to 549.2 billion yen, up 4.0% on the previous year. The total number of passengers carried was 10,065,258. Domestic passenger traffic: Individual passenger traffic was up on the same period last year, due to the introduction of discount fares, and the launch of seasonal promotional campaigns. However, the number of individual passenger traveling domestically for business purposes was stagnant stagnant /stag·nant/ (stag´nant) 1. motionless; not flowing or moving. 2. inactive; not developing or progressing. . The number of passengers traveling in tour groups declined when compared to the previous year, due to fare increases, decreased demand from skiers due to poor snowfall, and also as a result of the effect the Aichi Aichi (ī`chē), prefecture (1990 pop. 6,690,440), 1,962 sq mi (5,082 sq km), central Honshu, Japan. Bounded on the S and W by Ise Bay, Aichi consists of a coastal plain (the Nobi Plain) and a mountainous, forested interior. Expo had in boosting demand in Japan during 2005. When looking at domestic passenger traffic overall, supply in terms of available seat kilometers (ASK), and demand in terms of revenue passenger kilometers (RPK) both increased by 1.0% from the same period last year. Unit price increased by 1.1% from the same period a year earlier due to fare increases. Income increased by 10.6 billion yen to 514.8 billion yen, up 2.1% on the previous year. The total number of passengers carried on domestic routes was 33,471,407. International cargo traffic: Cargo traffic from Japan to the high growth market of China was generally strong. There was brisk Brisk as a proper name may refer to:
A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty. , the unit price rose by 7.2%, and revenue increased by 5.0%, up 6.8 billion yen on the previous year. The volume of cargo carried was 589,946 tons, down 1.9% on the year before. 2. Operating Cost (April - December 2006) Fuel cost: The price for 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 began to decrease from October 2007 onwards on·ward adj. Moving or tending forward. adv. also on·wards In a direction or toward a position that is ahead in space or time; forward. Adv. 1. , but the average price over the whole 9-month period still remained at an unprecedented level of 81.9 US dollars per barrel. The average price of kerosene over the same period in FY2005 was 71.3 US dollars per barrel, and in FY2004 it was 49.00 US dollars per barrel. JAL managed to limit the full effect of increasing fuel prices by conducting a wide range of measures including 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
Maintenance cost: Maintenance costs over thenine-month period increased to a total of 102.5 billion yen, up by 21.7 billion yen or by 26.8% when compared to the previous year, mainly due to B777 PW4000 engine modifications completed in December 2006. Exchange rate: The average US$ - Yen exchange rate for the period was 116 yen to the US dollar, compared with 111 yen for the same period during the last fiscal year, affecting operating income by minus 11.6 billion yen. However, the negative effect of the exchange rate was offset by US dollar hedging which enabled the Group to post a foreign exchange profit of 12.0 billion yen for non-operating income. 3. JAL Group Consolidated FY2006 Third Quarter Result (October-December 2006)
Japanese yen - billions
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FY06 FY05
(end 3/07) (end 3/6) Variation % change
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Operating revenue 584.1 556.9 27.2 104.9%
1. International Passenger 178.5 167.7 10.8 106.5%
2. Domestic passenger 169.0 163.7 5.3 103.2%
3. International cargo 53.1 53.1 -0.0 99.9%
4. Other 183.4 172.2 11.1 106.5%
Operating expenses 598.1 573.5 24.5 104.3%
Operating income (loss) -14.0 -16.6 2.6 -
Ordinary income (loss) -13.0 -20.6 7.5 -
3rd Quarter Net income (loss) -10.8 -11.0 0.1 -
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4. Consolidated Financial Forecast for the Year Ending March 31, 2007 Based on recent business performance trends, we have revised the forecast for the year ending March 31, 2007 announced mid-term on November 8, 2006. There are no changes in operating income, ordinary income and net income.
Japanese yen - billions
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Revised Previous FY 05
forecast forecast Dif. (ending
for FY2006 (11/08/06) 03/07)
(ending 3/07)
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Operating revenues 2,268.0 2,281.0 -13.0 2,199.3
1. International passenger 729.0 732.0 -6.0 690.2
2. Domestic passenger 672.0 678.0 -6.0 659.9
3. International cargo 189.0 195.0 -6.0 659.9
4. Other 678.0 676.0 2.0 180.5
4. Other 678.0 676.0 2.0 668.5
Operating expenses 2,255.0 2,268.0 -13.0 2,226.2
Operating income 13.0 13.0 0 -26.8
Ordinary income 0.5 0.5 0 -41.6
Net income 3.0 3. 0 -47.2
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Operating revenues: We have forecast a reduction in operating revenues of 13.0 billion yen from the previous forecast, due to stagnant tourism demand for travel to Guam and Hawaii; stagnant individual domestic passenger demand; a drop in ski demand due to poor snowfall; and a drop in international cargo traffic out of from Japan. Operating expenses: Despite a 3.0 billion yen increase in fuel costs due to the foreign exchange rate, we expect to reduce operating expenses by an additional 13.0 billion yen mainly realized through changes in the management of the pension system and deeper cost reform. About Japan Airlines Corporation The JAL Group (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 9205) 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. JAL International and JAL Domestic were integrated into one company in October 2006, now known as JAL International. Coordinating the group is Japan Airlines Corporation, a holding company. For more information, please visit www.jal.com. Source: Japan Airlines Corporation Contact: Stephen Pearlman Public Relations Manager Japan Airlines Corporation Tel: +81-3-5460-3109 Fax: +81-3-5769-6487 E-mail: stephen.pearlman@jal.com Website: www.jal.com/en/corporate/ Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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