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© 2018 AFPJapanese airlines report sluggish profits on higher fuel costs
By Toshifumi Kitamura TOKYO©2024 GPlusMedia Inc.
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© 2018 AFP
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Scrote
When fuel prices go up these airlines add on a fuel surcharge, so the increase in fuel costs should have no effect on their profits, unless the higher fares reduce the number of passengers.
Maybe they are referring to domestic flights, which do not have fuel surcharges, despite using the exact same fuel.
Wakarimasen
Yes, how airlines fail to make good money is a mystery. and true many flag carriers are zombies kept alive by government subsidy.
Yet Emirates and Qatar and Singapore as well as many budget carriers can make good money. Just poor management.
ozziedesigner
Sluggish profits ha ha ha
They have never made a profit ever. They are tax payer funded Zombie companies pure and simple. Maybe the JGovmt is cutting back on their welfare payments and they are now crying poor
wanderlust
Fuel prices go up; instant whining and complaining by airlines and an instant increase in fares/ fuel surcharge.
Fuel prices go down; barely a whimper by the airlines, and gradual price reduction months afterwards.
Great business model!
JeffLee
I find the Japanese carriers among the most competitively priced for my destinations.
kurisupisu
I fly internationally from Japan 5-6 times a year.
However, I never use any overpriced Japanese national carrier.
Why would I pay double for a comparable airline and journey time?
Certainly it’s not to speak Japanese nor is it to have a last bowl of noodles before setting foot on foreign soil-all that and more can be done on foreign flagged carriers.
goldnugget
Sluggish profits? You've got to be kidding me. It's never enough!
yakyak
Complete B.S.... Japan airlines are the only airline that uses fuel as an excuse to keep flying costs artificially high. Funny thing is every time fuel costs rise they jack up the price of a ticket, but when fuel prices come back down they keep the tickets at the same jacked up price.This has been going on for years.
Dango bong
I never understood how airlines can do poorly. They have basically a 7 company monopoly on the market with limited competition, they can set their own rates on a whim and are protected by the government with bailout money if they fail. Only a special kind of moron could fail at that.