JAL net income down 3.7% in first nine months of FY2012

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Japan Airlines (JAL) has reported a 3.7% year-on-year decline in its net income to Y141 billion ($1.52 billion) for the first nine months of fiscal year 2012.

The Oneworld alliance member's operating profit fell by 2.2% to Y158 billion for the three quarters to 31 December 2012, while its operating revenue during the reporting period amounted to Y942 billion, up by 3.6% year on year. Its operating expenses grew by 4.9% Y784 billion.

JAL's international passenger capacity, as measured in ASKs, rose by 4.1% against a RPK increase of 15.2% during the nine-month period. Its load factor was 7.3 percentage points higher at 76.2%.

The carrier's domestic passenger capacity during the first nine months grew by 4.6% and RPKs were up by 5% year on year. Its load factor inched up by 0.2 percentage points to 63.5%.

The volume of international and domestic cargo transported during the reporting period increased by 4.8% year on year, with the carrier reporting revenue of Y57.5 billion.

The carrier's total assets increased to Y1.18 trillion compared with Y1.09 trillion in the same period in 2011.