Breaking News, World News and Taiwan News.

Updated Saturday, November 14, 2009 2:51 pm TWN, AP

Japan Airlines posts US$1.5 bil. first-half loss

TOKYO -- Japan Airlines said Friday it racked up a US$1.5 billion loss and was seeking government help to fend off creditors as the beleaguered carrier struggles to recover from the travel industry's deepest slump in years.

The fate of Asia's largest airline was so uncertain that it abandoned any forecasts for the year — a sign of the hardships it faces as it presses for a government bailout and mulls painful cost-cutting steps that could slash thousands of jobs.

Subscribe to The China Post and save 25%. Click here

Share

Print

Email


Sponsors
▪	Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.
▪	Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Save 70% for hotel in Shanghai and 6000 hotels, in Beijing, Guangzhou, Shenzhen, and all China.