Railroads, airlines, and profitability

Chris Cooper and Kiyotaka Matsuda, writing for Bloomberg:

JR Central had free cash flow, or money from operations minus capital spending, of $2.95 billion in the fiscal year ended March. That compares with $2.42 billion at Union Pacific Corp. (UNP), the largest U.S. railroad by sales, according to data compiled by Bloomberg.

The Japanese company, whose bullet trains carried more passengers last year than any airline in the world, predicts net income will rise 11 percent to 222 billion yen this fiscal year. It has made a profit every year since it was listed on the Tokyo Stock Exchange in 1997.

Meanwhile, U.S. airlines barely kept their heads above water.

Aviation Today:

A4A’s report profiles the 10 airlines that reported full-year 2012 results—Alaska, Allegiant, American, Delta, Hawaiian, JetBlue, Southwest, Spirit, United and US Airways—for a combined $152 million net profit.

Thanks to the support of readers like you, Per Square Mile remains independent and ad-free.

If you enjoy what you read, please consider supporting the site with a donation.

opening times