Hit by the dual impact of both the economic downturn and the outbreak of swine flu, Japan’s largest carrier Japan Airlines (JAL), reported a net loss of 99.04 billion yen (US$1.04 billion) in the three months ended 30 June. The dismal result was much larger than the 3.41 billion yen net loss it posted in the same quarter last year. “The net loss was 10 billion yen more than expected,” Yoshimasa Kanayama, a JAL senior vice president, said announcing the results. … [Read more...] about JAPAN: JAL cargo revenue plummets 56.2% in Q1