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.
