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Last Updated: Friday, 8 February 2008, 08:04 GMT
JAL in profit as turbulence lifts
Japan Airlines plane
Japan's national carrier shaping up for healthier future
Japan Airlines flew into profit in the three months to December, reversing losses in the previous year.

A dramatic cost-cutting programme and a rise in international travel to China and India helped to boost the biggest Asian airline's fortunes.

JAL said it earned a net profit of 13.1bn yen ($121.7m; 62.6m) for the three month period, compared with a 10.8bn loss a year earlier.

Separately, the firm's chairman Toshiyuki Shinmachi said he will quit.

JAL has struggled in recent years amid rising fuel costs, costly retirement payouts and a number of safety problems that has driven passengers to its rival All Nippon Airways.

It has now dropped unprofitable routes and cut back its work force.

JAL has previously announced plans to shed 4,300 jobs by 2009.

Mr Shinmachi became chairman of JAL in 2006 when he stepped down from his position as chief executive. He said he will leave the firm at the end of March.



SEE ALSO
International routes cut JAL loss
06 Aug 07 |  Business
JAL cuts 4,300 jobs in profit bid
06 Feb 07 |  Business
Investors back JAL business plan
15 Jan 07 |  Business
Japan Airlines 'mulls job cuts'
10 Jan 07 |  Business
Japan Airlines gets Chinese boost
07 Aug 06 |  Business
Japan Airlines hit by tough year
10 May 06 |  Business

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