Japan Airlines Corporation Ordinary Shares (JALFQ)

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UPDATE 1-JAL president says demand is ahead of plan
Sun Jun 6, 2010 2:29pm EDTStocks
Japan Airlines Corporation
JALFQ.PK
$0.01
+0.00+0.00%12:00am CDT
* Restructuring implementation on track

* Demand ahead of conservative forecasts (Adds details)

BERLIN June 6 (Reuters) - Japan Airlines (JALFQ.PK) is experiencing passenger demand ahead of the conservative expectations outlined in its restructuring plan, the airline's president said on Sunday.

The success of the plan does not rely on a certain level of passenger demand, but JAL is ahead of where it expected to be, Masaru Onishi told Reuters on the sidelines of the International Air Transport Association's annual meeting here.

Onishi added that the implementation of the restructuring plan was generally on track.

JAL now expects to post a consolidated operating profit this fiscal year, rather than a loss as earlier forecast, Japan's Nikkei business daily reported earlier this week. [ID:nSGE6530IC] (Reporting by Ben Berkowitz, editing by Maureen Bavdek)

http://www.reuters.com/article/idCNLDE6550GK20100606?rpc=44