Japan Airlines net profit increases 2.8-fold in FY 2023

TOKYO, May 2 (Xinhua) -- Japan Airlines (JAL) saw a 2.8-fold increase in net profit in fiscal 2023 that ended March, the airline announced on Thursday.

The airline said its net profit rose to 95.53 billion yen (about 614 million U.S. dollars) from the previous year, thanks to a post-COVID surge in travel demand.

Post-COVID-19 demand recovery led to significant increases in revenue, reaching 1.65 trillion