GENEVA – The International Air Transport Association (IATA) is closely monitoring the restructuring of Japan Airlines.
Tough decisions will need to be made quickly to cut costs and close the gap with regional competitors, said IATA
“Japan’s expensive airport infrastructure costs impede improved competitiveness and must also be addressed as part of building a successful future for the company,” said IATA CEO, Giovanni Bisignani.
The airline will cut 16,500 jobs this fiscal year rather than over a three-year span as initially planned.
With a June deadline for issuing an overhauled business plan, Japan Airlines and ETIC saw the need to quickly trim payroll in tandem with paring routes and selling older aircraft
