Jap Carrier

Japanese carrier ANA said Wednesday its net profit more than doubled to $68 million for the April-June quarter thanks to strong results in its international business on the back of a weak yen. ANA Holdings, the parent company of All Nippon Airways, reported the soaring profit after an expansion at Haneda airport in downtown Tokyo allowed it to run more overseas routes and fuel costs dropped owing to a decline in crude oil prices. ANA recently said it was throwing a lifeline to bankrupt domestic rival Skymark Airlines, Japan's third-biggest airline. Skymark filed for bankruptcy protection in late January in the face of potentially massive penalties linked to a cancelled $2.2 billion jet order with Airbus. Earlier this month, US carrier Delta Air Lines joined a rival bid to rescue Skymark, whose creditors will vote on the competing proposals next month. If the Delta deal is successful, it would be the first foreign airline to get access to slots for domestic flights at Haneda.