Japan Airlines

JAL raises profit target by 46pc

PUBLISHED : Saturday, 22 April, 2000, 12:00am
UPDATED : Saturday, 22 April, 2000, 12:00am

Tokyo: Japan Airlines (JAL), Asia's biggest air carrier, said its group earnings for the year to last month will be 46 per cent better than earlier expectations owing to higher revenue and lower operating costs. The company now expects net income of 16 billion yen (about HK$1.18 million) for the just-ended financial year, up from a previous target of 11 billion yen. JAL estimates sales of 1.6 trillion yen, 1.3 per cent above the 1.58 trillion yen forecast it released in November.