Profits Soar For Japanese Air Carriers

Above, an All Nippon Airways jet at Narita International Airport. Photo by Armand Vaquer.

The tourism boom and cheaper oil prices (well, until now since oil and gas prices have climbed) have made Japan Airlines and All Nippon Airways very happy companies.

According to the Wall Street Journal:

TOKYO—Japan’s two biggest airlines Thursday reported higher profits for the just-ended fiscal year thanks to a recent tourism boom and cheaper oil prices. 

ANA Holdings Inc., the parent of All Nippon Airways Co., said its operating profit increased 39% to ¥91.5 billion ($768.8 million) on revenue of ¥1.713 trillion last fiscal year. Meanwhile, Japan Airlines Co. said its profit rose 8% to ¥179.7 billion on revenue of ¥1.345 trillion.

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