Japan Airlines slashes capacity to improve profits
Posted 03/08/2011
Japan Airlines has announced first quarter profits of 12.7bn Yen (£100m) despite a 40% drop in international traffic following the tsunami earlier this year.
The cash-strapped airline has carrier has slashed its capacity by almost 30% compared with the same period last year to improve its profitability by suspending unprofitable routes at the end of last year and retiring all its Boeing 747-400 from March.
As part of its plan to downsize, the airline also retired its fleet of domestic Airbus A300-600 aircraft in May.
Originally published 3 Aug 2011 at: http://rss.feedsportal.com/c/398/f/5923/s/171b5c76/l/0L0Stravelmole0N0Cstories0C11487890Bphp0Dmpnlog0F1/story01.htm
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