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Published on Thursday, September 9, 2021

JAL plans to raise USD2.7 billion amid weak travel demand






Japan Airlines plans to raise further funds to tide it over as Japan extended its emergency restrictions. It aims to raise about ¥300 billion yen (US$2.7 billion) to bolster liquidity.


In July, JAL's passenger loads were less than half for domestic flights and just 23% for international services. Long haul services could be further affected as Japan has just been removed from the EU's safe list of countries.


For the April-June quarter, JAL reported a net loss of US$526 million.


 


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