Japan Airlines boosts its full-year profit forecast to $1.74 billion
Japan’s national flag carrier Japan Airlines recently announced that it is eying strong revenue earnings and has boosted its full-year profit forecast to $1.74 billion.
The airline in a statement said that it expects to earn $1.74 billion (140 billion yen) for the year ending March 2013. According to the airline, this a 7.7 percent increase from the earlier projection of a $1.62 billion (130 billion yen) net profit.
However, the airline said that its net profit may be impacted as Japan Airlines flights between Tokyo and Beijing is facing difficulties in operations because of an ongoing trade spat between Japan and China for quite some time now.
The airline further said that its full-year sales target has been slightly trimmed from $1.52 billion (1.22 trillion yen) to $1.50 billion (1.21 trillion yen).
Japan Airlines as well as another Japanese carrier All Nippon Airways had to cancel thousands of flights after huge anti-Japan protests erupted in China following the nationalization of a group of disputed islands in the East China Sea by Japan.