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.
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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.