September 16, 2009

JAL to Cut 29 Domestic Flight, Ax 6,800 jobs

Japan Air Lines Corp(JAL) plans to eliminate 29 domestic flight and slash 6,800 jobs over three years, according to Nikkei. Additionally, the struggling airline plans to cut 21 international flights. JAL is also slated to sell shareholdings in JALway Co. and other subsidiaries, trim benefit payouts on corporate pensions. Savaged by the global economic downturn and the A/H1N1 influenza epidemic, JAL's earnings have suffered.

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