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JAL plans to raise USD2.7 billion amid weak travel demand
Japan Airlines plans to raise further funds to tide it over as Japan extended its emergency restrictions. It aims to raise about ¥300 billion yen (US$2.7 billion) to bolster liquidity.
In July, JAL’s passenger loads were less than half for domestic flights and just 23% for international services. Long haul services could be further affected as Japan has just been removed from the EU’s safe list of countries.
For the April-June quarter, JAL reported a net loss of US$526 million.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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