JAL net profit jumps fivefold in April-Dec. on demand recovery

Japan Airlines Co. said Friday its net profit for the nine months ended December increased more than fivefold from a year earlier to 85.87 billion yen ($587 million), thanks to a post-COVID surge in travel demand.The major Japanese air carrier maintained its full-year earnings forecast, with its group net profit set to grow 2.3-fold to 80 billion yen on sales of 1.68 trillion yen, up 22.4 percent, signaling limited impact from the collision between one of its passenger jets and a Japan Coast Guard aircraft at Tokyo's Haneda airport last month.The company said it expects to book an operating…READ FULL ARTICLE