Battered by the global financial crisis and the H1N1 swine flu pandemic, Japan Airlines Corp. on Friday posted a hefty group net loss of ¥131.2 billion for the April-September half and said it has applied for out-of-court debt restructuring as a stopgap measure to stay aloft.
It represents JAL’s worst first-half loss since it merged with Japan Air System in 2002. JAL also said sales for the half fell 28.8 percent to ¥763.9 billion compared with a year ago.
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