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Sharil Abdul Rahman

Japan Airlines reports USD$1 Billion loss

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From BBC: http://news.bbc.co.uk/2/hi/business/8188941.stm

 

Japan Airlines - the largest carrier in Asia - has reported a significant loss in the three months to May, after ticket sales slumped during the period.

 

The airline made a loss of 99bn yen ($1bn; £618m) during the quarter, down from a 3.4bn yen loss a year earlier.

 

...

 

The carrier saw sales drop 32% to 334.9bn yen from a year before.

 

JAL is maintaining its forecast for the fiscal year to March of a 63bn yen net loss.

 

 

This makes whatever AK and MH losing look like spare change.

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