JAL announces 12.7 billion yen net profit in first quarter
We knew Japan Airlines (JAL) is going to has an operating profit this quarter because JAL President told the press about it last month during the monthly press conference. We just didn't know how much. And they finally reveal it today! JAL made a 12.7 billion yen net profit and 17.1 billion yen operating profit in the first quarter of fiscal year 2011! And guess what? Although All Nippon Airways (ANA), JAL's direct competitor, had a much lower drop in passenger numbers than JAL, they still saw an 8.4 billion yen loss :p Below are some highlights of the first quarter results.
