Jal, Ana See Group Net Profit Fall In Fy 2013 On Higher Fuel Costs

JAL, ANA see group net profit fall in FY 2013 on higher fuel costsJapan's two biggest airlines reported Wednesday year-on-year declines in their group net profits in fiscal 2013 as the yen's slide increased fuel costs.

Japan Airlines Co.'s consolidated net profit in the business year ended March 31 fell 3.2 percent from the previous year to 166.25 billion yen and its operating profit dropped 14.6 percent to 166.79 yen.

ANA Holdings Inc., the parent of All Nippon Airways Co., saw its group net profit plunge 56.2 percent from the previous year to 18.89 billion yen, with its operating profit declining 36.4 percent to 65.99 billion yen.