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Posts Tagged ‘Japan Airlines’

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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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Airline industry suffers worst ever year

January 27th, 2010 | Author:

The airline industry has been hit hard during the global economic downturn, which has led to a slump in demand for air travel with fewer people travelling.
Many airlines went bust during the downturn, not just due to a fall in demand but also as a result of higher fuel prices.
According to the International Air Transport [...]

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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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