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Okinawa flights cut as JAL losses grow

Date Posted: 2009-08-13

Japan Air Lines flights from Okinawa to the mainland will be cut this fall as the nationís largest carrier struggles to contain massive losses.

A total of six domestic routes will be reduced starting in November, including flights to Okinawa. The giant airline says itís trying to compensate for the record •99.04 billion loss in the April~June period. Japan Air Lines attributes the large decline to both the economic downturn and the swine flu scare.

In addition to the domestic route and flight cutbacks, JAL says it will either suspend or reduce ten of its international routes. The seven flights each week between Central Japan International, serving Nagoya, and Parisí Charles de Gaulle Airport will be ended.

The quarterly loss was •3.41 billion larger than the same period a year ago. JAL is projecting a second straight year of losses, anticipating a net loss of •63 billion and an operating loss of •59 billion. A year ago the operating loss was •50.88 billion. The losses have sent Japan Air Lines to look for •100 billion cash from three commercial banks, the Japan Bank for International Cooperation and the Development Bank of Japan.

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