JAL fights back after bankruptcy
While the world’s biggest airlines continue to struggle with the impact of rising fuel prices and reduced demand, Japan Airlines (JAL), which went bankrupt two years ago, has posted an annual net profit of US$2.3bn.
A strong currency boosted business as more Japanese people travelled overseas, while cost cuts inflated the bottom line.
JAL filed for bankruptcy in January 2010 with more than $25bn of debt and required a government-backed bailout.
It shed about a third of its workforce, cut employee benefits and reduced unprofitable routes.
In February, JAL said it had ordered 10 new Boeing Dreamliner aircraft. It is also expected to launch operations of budget airline Jetstar Japan in July, a joint venture with Australia’s Qantas and Mitsubishi.
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025
Hands In, UATP join forces for airline multi-card payments