Japan Airlines Co. said Friday that it revised upward its earnings forecast for the 2000 business year to March 31, due mainly to increased demand for its international flight services, especially between Japan and Europe.
The company said it now expects a group pretax profit of 52 billion yen, up from its November forecast of 32 billion yen, and a group net profit of 38 billion yen, up from its earlier projection of 32 billion yen, on group revenues of 1.727 trillion yen, up from the earlier projection of 1.681 trillion yen.
On a parent-only basis, the airline said it forecasts a pretax profit of 28.9 billion yen, up from its earlier projection of 10 billion yen, and a net profit of 28.7 billion yen, up from the earlier projected 19 billion yen, on revenues of 1.257 trillion yen, up from the earlier projection of 1.234 trillion yen.
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