Japan Airlines parent JAL Group reported a net loss of Â¥38.5 billion (US$428 million) for its fiscal third quarter ended 31 December, reversing a Â¥13.1 billion net profit in the same period a year earlier, citing declining demand, rising yen and volitile fuel prices. "The global economic slowdown and the accelerating appreciation of the yen led to a substantial year-on-year decrease in demand on Europe and US routes" in the first nine months of its fiscal year, JAL said in a statement. … [Read more...] about JAL posts US$428 million 3Q loss
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JAL opts in for Japan emissions trading trial
The JAL Group has announced it will voluntarily participate in trials of a Japan-only emissions trading scheme set up by the Japanese government. The trial scheme runs from FY2008 to FY2012, the financial years ending March 31. Companies that volunteer to participate in the scheme must set themselves CO2 emission reduction targets for their business operations in Japan for every financial year during the 5-year period. Targets are submitted by each company for approval by the Japanese … [Read more...] about JAL opts in for Japan emissions trading trial
Japan : Japanese carriers drop NY freighter service
Direct maindeck cargo capacity between Japan and New York will be nonexistent come this January as NCA and JAL cargo both scale back transpacificcapacity. Nippon Cargo Airlines stopped flying to Kennedy International Airport in August, and now serves the New York market with trucks running between JFK and Chicago. Japan Airlines cut back its freighter service to New York from five flights a week to four from late October and will drop its all-cargo service to New York completely at the end … [Read more...] about Japan : Japanese carriers drop NY freighter service
