Japan Airlines' loss for the fiscal year ending March 31, 2010, originally expected to be similar to the ¥63.1 billion ($681.2 million) lost last year (ATWOnline, June 16), may double if retirees do not approve pension reductions exceeding 50%. According to Bloomberg News, two-thirds of the approximately 9,000 pensioners must agree to the cuts, and a website operated by JAL's retirees said that 2,900 already have registered their disapproval. The carrier assumed a one-time gain of ...

Subscribe to Access this Entire Article

"JAL faces pension crisis" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.