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JAL's three-month profit more than halves

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© 2016 AFP

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14 Comments
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Love how they wrote it.... "more than halves". Hey.... buy JAL because their profit more than halved in the 1st Quarter!!

1 ( +1 / -0 )

I suspect there's a little accounting creativity going on here.

From the beginning of this financial year, JAL has to pay corporate tax, something it hasn't had to do sine bankruptcy and bailout in 2009.

JAL was and is indicative of everything that's bad about Japan Inc.

3 ( +4 / -1 )

time to beg the govt for more handouts due to crappy management and no innovation...

1 ( +2 / -1 )

More Arashi ads! They will really help! /sarcasm

-1 ( +0 / -1 )

It's Brexit I tell you, it must be!! Tomorrows rain will be Brexit rain, don't you know?

1 ( +1 / -0 )

@Gobshite defo brexit with a little isis

1 ( +1 / -0 )

"JAL was and is indicative of everything that's bad about Japan Inc."

I am always reminded of that when I take Delta or American. In contrast, JAL's polite attentive service (even in economy), sparkling clean cabin interiors, flights that have gotten to my destination well BEFORE scheduled time -- it all reminds me of the failings of Japan Inc.

-5 ( +1 / -6 )

JeffLee

In contrast, JAL's polite attentive service (even in economy), sparkling clean cabin interiors, flights that have gotten to my destination well BEFORE scheduled time -- it all reminds me of the failings of Japan Inc.

Productivity?

Everything has to have a price and some prices aren't worth paying. Especially when it's my hard earned income, via government exemptions and handouts, that is paying that price.

Oh yeah, I forgot I'm opining with Jeff ' debt is a figment of your imagination' Lee.

Enough said.

1 ( +4 / -3 )

@Gary Raynor

"Especially when it's my hard earned income...that is paying that price."

How much have been forced to pay?

-5 ( +0 / -5 )

JeffLeeJul. 31, 2016 - 10:06AM JST

How much have been forced to pay?

Well I've been paying tax in Japan since 1993, most of the time in the higher tax brackets, and the Japanese government gave JAL around $17.7 billion dollars in 2009 and wrote off the 4 previous loans it had given JAL since 2001, which were around $20 billion dollars; you do the math.

All so JeffLee and gang can have attentive service, sparkling clean cabin interiors and his plane lands on time. Money well spent, me think not.

I say again, productivity.

I want my taxes spent on social services and a safety net for those in this country who find themselves in troubled situations, not on some self entitled company who care little for cost/production ratio and who delude themselves that they can carry on in the same old way because the taxpayer will carry the tab: just like the rest of Japan Inc.

Productivity, if you can't to pay the piper, don't call the tune.

0 ( +3 / -3 )

@Gary Raynor

Seriously, do you think that's how public finance works? If it did, Japan - and host of other major economic powers - would have collapsed ages ago.

Income taxes in developed countries have actually come down, even as govt spending has risen, over the last few decades. Taxes under Obama are lower than under Reagan. None of this would make sense if your assumptions were actually correct.

-5 ( +0 / -5 )

JeffLeeJul. 31, 2016 - 11:13AM JST

Seriously, do you think that's how public finance works? If it did, Japan - and host of other major economic powers - would have collapsed ages ago.

Income taxes in developed countries have actually come down, even as govt spending has risen, over the last few decades. Taxes under Obama are lower than under Reagan. None of this would make sense if your assumptions were actually correct

Seriously Jeff.

What planet are you on? The public purse is finite and if one interest group feeds from the public trough, another has to go without.

Oh that's right... the government can print/digitalize more money and replenish the public purse, so all can carry on feeding from the trough and that increased debt doesn't matter.

Get a grip.

-1 ( +3 / -4 )

JAL is still doing well then! I'd love to fly direct for inter-continental long haul but I make savings by doing stopovers. As more Japanese become used to the lower cost airlines then JAL will be in big trouble!

0 ( +0 / -0 )

Gary, I am with you on all what you and I think Jeff has left me scratching my head. The banks have been allowed to maintain close to zero percent interest rates on savings and charge like 17 to 19% on credit card , and borrow money from BOJ for zero percent all these years from, all these to the detriment of the general public and to the benefit of the financial institutions who have enjoyed massive profits year in year out. A revolution will be needed the world over realize the even distribution of national pies.

-1 ( +0 / -1 )

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