JAL picks up the pieces
Japan Airlines says it has posted a net profit in the three months to June, thanks largely to significant downsizing and cost cutting during its bankruptcy proceedings
JAL completed bankruptcy proceedings in March after recording one of Japan’s biggest-ever corporate failures.
Under government supervision JAL carried out massive job and route cuts in order to continue flying.
JAL said in a statement that it underwent a “rigorous restructuring” last year, including the decommissioning of large aircraft, “which collectively led to a significant reduction in operating expenses”.
The carrier temporarily reduced flights and switched to smaller aircraft in response to the decline in traffic after the earthquake and tsunami that hit northern Japan on March 11 and triggered a nuclear crisis.
Latest figures from PATA indicate that a recovery is underway with the fall in Japan’s outbound travel performance easing to around –2.9% year-on-year for the month of June 2011. 

Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Airbnb eyes a loyalty program but details remain under wraps
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026