ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Transportation

JAL to cruise through virus turbulence with newfound resilience

Post-bankruptcy shift away from leases keeps costs down as demand plummets

Japan Airlines planes at Tokyo's Haneda Airport: The carrier is seen to have resilience against headwinds. (Photo by Kei Higuchi)

TOKYO -- Japan Airlines is expected to report a record loss when it announces quarterly earnings Monday, but its bankruptcy a decade ago taught the carrier lessons in resilience that will prove invaluable amid a coronavirus crisis likely to drag on.

JAL, which is believed to have suffered an operating loss of about 120 billion yen ($1.14 billion) last quarter, is in the process of securing 500 billion yen in funding. That is more than the 300 billion-plus yen in cash it held at the end of the fiscal year through March, but less than half the 1.04 trillion yen being raised by rival ANA Holdings.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more