Japan Airlines Corp. said Friday its group net loss for the April to June quarter expanded to a record ¥99.04 billion as cost-cutting efforts failed to compensate for travel demand ravaged by the global economic downturn and the swine flu scare.
Earlier in the day, Japan's largest airline also announced it will suspend or reduce 10 international routes and reduce domestic flights on six routes as part of its restructuring efforts to return to profitability with the help of state-backed funds.
Yoshimasa Kanayama, JAL's senior vice president in charge of finance, told reporters in Tokyo that more flight cuts are expected in the second half of the business year.