JAL revenue tumblesStar-Bulletin staff
TOKYO-- Japan Airlines Co., Asia's largest airline, said revenue from its airline operation fell in the April-June quarter as increased competition forced it to lower fares to attract more passengers.
Revenue from international flights fell 4 percent compared with the year-earlier quarter, even as passengers on those routes increased 10 percent to 2.87 million. Revenue from domestic flights fell 5 percent, even as passengers rose 4 percent to 4.789 million. The airline didn't release actual revenue amounts.
JAL cut some fares by more than half as competition increased on international and domestic routes and as Japan's worst postwar recession dampened leisure travel.