Japan Airlines (JAL), which is undergoing government-mandated restructuring after entering bankruptcy in January, has said it will drop out of the freighter business by October, opting instead to utilise the belly cargo capacity of its passenger network which offers three times as much total cargo capacity as its freighter services. The decision means JAL's fleet of six B747 freighters and three B767 wide-body freighters will be sold or parked. ''We decided to move to a model where we can make … [Read more...] about Japan Airlines pulls plug on freighter ops
Japan Airlines Cargo
JAL cargo revenue plummets 56.2% in Q1
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 Y99.04 billion (US$1.04 billion) in the three months ended 30 June. The dismal result was much larger than the Y3.41 billion net loss it posted in the same quarter last year. "The net loss was Y10 billion more than expected," Yoshimasa Kanayama, a JAL senior vice president, said announcing the results. JAL's cargo business took a severe hit from … [Read more...] about JAL cargo revenue plummets 56.2% in Q1
