TOKYO, Oct 31 (APP/AFP): Japan Airlines on Monday slashed its full-year earnings outlook as it said fiscal first-half net profit nosedived owing to a slump in its international business. The carrier said its bottom line in the six months through September shrank to 71.4 billion yen ($682 million), down more than 30 percent from a year ago, with a stronger yen also taking a toll. The firm warned that full-year net profit would come in at 161 billion yen, down from an earlier estimate of 192 billion yen for the year through March. By contrast, rival carrier All Nippon Airways said it cruised to another rise in net profit, pointing to cost-cutting efforts and a pickup in business travel from Europe, North America and Asia.
Business News
Japan Airlines cuts outlook as H1 net profit dives
