Japan Airlines Sees Profit on Int'l Travel
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Japan Airlines Corp. said Friday that it returned to profitability in first half of the fiscal year as international travel picked up from a decline a year ago caused by the war in Iraq and the SARS outbreak in Asia.
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The airline is expected to report on Thursday, that it is on track to make an operating profit in the current year to March 2005, however, for the first time in five years.
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The Tokyo-based company posted a net profit of 131.6 billion yen ($1.22 billion) for 2007 as brisk tire sales and a weaker yen offset a rise in raw material costs.
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Japan Airlines Corp., Asia&#39;s largest air carrier by sales, said it will buy 30 of Boeing Co.&#39;s newest aircraft, the 7E7, as it replaces older midsize planes.
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The world&#39;s major airlines are expected to rack up about $US4.8 billion ($A6.33 billion) in losses this year and will climb back to profit next year only if oil prices fall, the top industry body warned today.
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The airline said fourth-quarter net income rose to $111 million compared to a year-earlier profit of $57 million, But it warned that fuel costs in the current quarter will rise substantially.
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Boeing Co.  may invest in  Mitsubishi Heavy Industries Ltd&#39;s (7011.T) project to build  Japan&#39;s first passenger jetliner, the Asahi newspaper reported  on Wednesday.
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Japan's NTT DoCoMo Inc.  said on Tuesday it expected a gain in operating profit in the next fiscal year after posting a bigger-than-expected 7.4 percent profit decline in the first-half.
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Air passenger numbers will grow again  in 2005 but the global airline industry will only post its  first profit in five years if oil prices drop by some $15 a  barrel, an industry expert said on Monday.
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McDonald's Japan, the nation's largest fast-food chain, said on Thursday it returned to profit in the year ended Dec. 31, thanks to sizzling sales and restructuring, and forecast a further rise in 2005.
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Yahoo Japan Corp., Japan's top Internet  portal, said on Thursday its net profit rose in the third  quarter, helped by its online auction and Web advertising  businesses, and added it expected strong earnings in the  current year.
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Japan's Toyota Motor Corp. said Tuesday that its third-quarter net profit rose 7.5 percent to a record high on the back of fast-growing sales overseas, particularly in emerging markets.
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Japan Airlines said it would cut 4,300 employees, or about 8 percent of its work force, by March 2010 as part of its four-year business plan intended to improve profits. The company, which is based in Tokyo, reported a loss for the most recent quarter and is still struggling to regain customer confidence after a spate of safety lapses in recent years. The company reported a loss of 10.8 billion yen ($89.9 million) for the October-December quarter, slightly less than the 11 billion yen loss it recorded for the period in 2005. Sales rose 4.9 percent, to 584.1 billion yen ($4.9 billion). Cargo traffic from Japan to China was strong, but traffic to the United States was weak in the latest quarter.
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Yellow Roadway cited a more disciplined pricing environment and more efficient operations for the improved outlook. The Overland Park-based carrier said it expects earnings of $1.
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State-owned Qatar Airways expects to make  its first profit by 2010 and could sell shares to local and  foreign investors three years after that, the company&#39;s chief  executive said on Sunday.
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State-owned Qatar Airways expects to make its first profit by 2010 and could sell shares to local and foreign investors three years after that, the company's chief executive said on Sunday.
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Air France-KLM  on Thursday  posted a 32.5 percent rise in 2006-07 operating profit, led by  passenger traffic growth, and announced a plan to save 1.4  billion euros over three years, boosting its shares.