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Japan Airlines expects $929 mln operating profit in current FY

SINGAPORE | Sun Jun 5, 2011 9:29pm EDT

SINGAPORE Jun 6 (Reuters) - Japan Airlines said on Monday that it expects an operating profit of $929 million in the current fiscal year that began in April, JAL President Masaru Onishi said.

He was speaking to reporters on the sidelines of the International Air Transport Association's annual meeting in Singapore.

Onishi said the airline posted an operating profit of approximately $2.3 billion in its last financial year.

Japan Airlines completed a court-backed restructuring in March after it filed for bankruptcy protection in January. (Reporting by Raju Gopalakrishnan)

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