ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Articles

Profits climb in April-December on back of cheap crude

Japan Airlines is among several companies seen logging record profits thanks to falling oil prices.

TOKYO -- Cheap crude prices buoyed profits across a broad spectrum of corporate Japan in the nine months ended December, with everyone from airlines to manufacturers benefiting and some even snaring record highs.

     Japan Airlines likely saw operating profit soar over 20% on the year to a record 170 billion yen ($1.43 billion). The company had assumed kerosene, which is used in jet fuel, would average $70 a barrel for the fiscal year ending in March. But the price recently fell under $40. The decline squeezed revenue from fuel surcharges but cut costs, boosting profit overall.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more