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JAL says annual net profit down at $1.8 bn, cuts outlook

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(Globalpost/GlobalPost)

Japan Airlines said Tuesday its net profit in the fiscal year to March fell 8.0 percent to $1.8 billion, while it slashed its full-year earnings outlook by almost a third.

JAL, which re-listed in Tokyo last year after a high-profile bankruptcy restructuring, reported a net profit of 171.7 billion yen and said net profit in the current fiscal year would fall about 31 percent to 118 billion yen.

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http://www.globalpost.com/dispatch/news/afp/130430/jal-says-annual-net-profit-down-at-18-bn-cuts-outlook