Tokyo - Japan Airlines Corp said Thursday that it narrowed its net loss in the April-June quarter after cutting costs.

Japan's largest airline by revenue posted a net loss of 3.41 billion yen (31.38 million dollars) in its first quarter, down from a loss of 4.29 billion yen in the same period a year before.

It posted an operating profit of 3.91 billion yen after posting a loss of 8.55 billion yen a year earlier. Operating profits, a company's earnings minus interest payments and taxes, are seen as a measure of its earnings power from ongoing operations.

Revenues fell 5.8 per cent to 490.34 billion yen after two subsidiaries were removed from the Japan Airlines group, it said.

Japan Airlines recently announced a plan to suspend some flights on international and domestic routes to save money as oil prices surge.

The company's earnings projections remained unchanged for the full fiscal year with a net profit of 13 billion yen forecast, which would be a drop of 23.2 per cent from last year. It expected operating profit of 50 billion yen, down 44.5 per cent, and revenues of 2.18 trillion yen, down 2.1 per cent. (dpa)