Japanese airlines report record sales but high fuel prices shrink profits

Who claims what

• —Japanese airlines reported record sales in recent times. (per Article source)
• —High fuel prices have impacted profit margins for Japanese airlines. (per Article source)

Our assessment

If these reported claims are accurate, ongoing fuel price volatility could limit profitability for Japan's airlines even as top-line revenues grow. Businesses dependent on passenger and cargo capacity out of Japan may face stable or even rising airfreight costs if carriers pass along fuel surcharges. Sector…