Japan Airlines' annual profit slipped 8 percent as the carrier struggled to minimize business damage from the grounding of Boeing 787 jets.
Japan Airlines’ annual profit slipped 8 percent as the carrier struggled to minimize business damage from the grounding of Boeing 787 jets.
The carrier reported Tuesday net profit of 171.7 billion yen ($1.7 billion) for the fiscal year ending March 2013, the first year after emerging from bankruptcy.
Sales for the year edged up nearly 3 percent to 1.24 trillion yen ($12 billion).
The battery problems in 787 jets resulted in the worldwide grounding of the planes and forced flight cancellations for JAL.
- Designed in Seattle, this $1 cup could save millions of babies
- Reed brother led detectives to bodies believed to be Arlington couple
- Your vote counts so little in today’s primary election, John Oliver joked about it on ‘Last Week Tonight’
- Ivar’s looks to sell, lease back two venerable restaurant sites
- Trump, Clinton win Washington state primary
Most Read Stories
Aviation authorities have been checking their safety, and have approved the changes Boeing made to the lithium-ion batteries.
Regional tensions set off last year by a territorial dispute reduced air travel to China. The weakening yen also hurt profit because of higher fuel costs, JAL said.