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Japan-Update

Japan's big airlines ANA and JAL likely landed profit gains

Business travel, tourism, cargo transport all up

ANA Holdings and Japan Airlines are both enjoying solid earnings on strong demand for business trips, travel to Japan and cargo transport.

TOKYO -- Leading Japanese carriers ANA Holdings and Japan Airlines are expected to report profit growth for the April-December period as a recovering global economy lifted demand from business and leisure travelers and boosted cargo shipments.

ANA's operating profit likely soared 27% on the year to 165 billion yen ($1.51 billion) for the nine months, the highest ever for the period. Sales probably rose about 10% to 1.46 trillion yen.

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