Japanese airlines report record sales but high fuel prices shrink profits

JAL and ANA have ramped up fare surcharges since April due to the Iran war

Japan Airlines (JAL) and All Nippon Airways (ANA) are the country's two largest commercial passenger airlines, operating extensive domestic and international networks, with Haneda Airport in Tokyo a major hub. (Photo by Takaki Kashiwabara)

TOKYO -- Japan Airlines announced an 80% fall in quarterly profit Monday, as it followed rival carrier ANA Holdings in reporting record revenues but a major hit to the bottom line from high fuel prices caused by the Iran war.