JAL plans profit in 2013
30 / 08 / 2010
JAPAN Airlines (JAL) has filed additional plans for its future reorganisation. The carrier, which in March had debts of ¥959 billion (US$11.3 billion), says it will scrap over 100 aircraft and nearly 50 routes, of which 10 are international. It predicts that such moves would allow it to make an operating profit of 9.2 per cent by March 2013.
The aircraft scrapped will be all of the fleet’s 747-400s, A300-600s, MD-81s and MD-90s.
“JAL’s flop has caused a lot of trouble to shareholders and financial institutions,” said Kazuo Inamori, JAL’s chairman and chief executive officer. “Today is a new start for us.”