JAL shares in freefall
TOKYO – Another crucial day looms for Japan Airlines following yesterday’s sharp plunge in its shares.
Amid mounting speculation that the carrier will file for bankruptcy next week, JAL shares tumbled by the daily limit of 30 yen for the second day in a row, falling 81 percent yesterday to a new record low of just seven yen (7.7 cents).
The airline’s market value has fallen by about US$1.8bn in two days to $200m.
According to the BBC JAL is set to receive government funds worth about 300bn yen under a restructuring package.
The package would see it file for bankruptcy.
“The selling is unstoppable,” said Hideaki Higashi, market strategist at SMBC Friend Securities.
“Event-driven market players are hammering down JAL. It’s a money game.
“The market is driving the company to go under,” he said, adding that the share price could technically fall to one yen.
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.

































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025