Tuesday February 07, 2006

More fuel woe for Japan Airlines

peakoil.com -> news.bbc.co.uk :

Asia's largest carrier, Japan Airlines (JAL), has remained mired in the red in the third quarter of its financial year, hit by the soaring cost of fuel. It reported a net loss of 11bn yen (US$93m) in the three months to the end of December. JAL said the fuel bill during the first three quarters of financial year 2005/06 was up 30% from the same period a year earlier, with fuel costs averaging US$71 a barrel.

Passenger numbers fell about 2% during the period at 44.04 million people from 44.84 million during the same period in 2004, as passengers declined in both international and domestic travel. Traffic between Japan and China fell sharply after anti-Japanese protests in April, when China was angered by Japanese approval of a school textbook presenting a nationalist view of early 20th Century history.

See also :

1. Soaring fuel costs cut SIA 3Q2005 profit by 14.6%
2. Losses spiral at United Airlines
3. Airlines must consolidate fast or die : Swiss Int'l chief

(2006-02-07 10:59:23 SGT) [Biz] Permalink Comments [1]

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