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Posts Tagged ‘JAL’

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JAL reports 177.9bn yen loss

February 26th, 2010 | Author:

Japan Airlines (JAL), which last month filed for bankruptcy protection, has today posted a net loss of 177.9 billion yen (£1.31 billion, $2 billion) for the nine months to December 2009.
The airline’s executive officer, Norikazu Saito, told reporters it suffered an operating loss of 120.8 billion yen on sales revenue of 1.14 trillion yen – [...]

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Japan Airlines files for bankruptcy

January 19th, 2010 | Author:

As expected, Japan Airlines (JAL) has today filed for bankruptcy protection.
The airline, which is Asia’s biggest carrier, has been struggling amid the global economic downturn and has been grappling with a mountain of debts of around $16.5 billion (£10 billion).
The Japanese Government has said that flights will operate as normal and the airline will now [...]

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Bankruptcy protection imminent for Japan Airlines

January 19th, 2010 | Author:

Japan Airlines (JAL) is expected to file for bankruptcy protection today in a move that will see the loss of 15,000 jobs at Asia’s largest carrier.
Shares in the troubled airline have been plummeting over recent days as a bankruptcy filing seemed unavoidable.
Yesterday, shares fell to a fresh low of 5 yen, having fallen as [...]

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Shares in Japan Airlines fall to fresh low of 5 yen

January 18th, 2010 | Author:

Shares in troubled Japan Airlines (JAL) plummeted again today to a fresh low of 5 yen as a bankruptcy filing seemed unavoidable.
The airline, which is Asia’s largest carrier, is expected to file for bankruptcy protection tomorrow as part of a Government rescue plan.
Like many other airlines, it has been struggling amid the global economic [...]

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Shares in Japan Airlines plummet 81% to just 7 yen

January 13th, 2010 | Author:

Shares in troubled Japan Airlines (JAL) plummeted 81% to just 7 yen today after falling 45% yesterday to 37 yen.
The stock fell for a second consecutive day as a bankruptcy filing seemed unavoidable.
JAL’s market value has dived by around $1.8 billion in two days to $200 million.
According to Hideaki Higashi, market strategist at [...]

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