JAL braces for long winter with new credit line of $960m

Healthy business portfolio and cost cuts are priority for it and rival ANA

While demand for domestic flights has begun to recover, global travel restrictions have crippled Japan Airlines' international business. © Reuters

ERI SUGIURA, Nikkei staff writer

October 30, 2020 15:07 JST

Updated on October 30, 2020 18:46 JST

TOKYO -- Japan Airlines will take out a new credit line worth 100 billion yen ($958 million) in November, as the flag carrier seeks to strengthen its business portfolio in the face of financial turmoil from the novel coronavirus that could last for years.