Citing the "slow recovery in air transport demand," Japan Airlines yesterday said it would "strive to improve profitability by adjusting capacity" and announced a reduction in its international schedule effective July 1. The company reported a ¥63.1 billion ($640.9 million) net loss in the fiscal year ended March 31 and said it expects a similar result this term (ATWOnline, May 13). Cuts in service implemented in March to Shanghai Pudong, Beijing, Taipei and Hong Kong, originally set to ...
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