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Tuesday, April 27, 2010

Outline of JAL's cuts from Bloomberg

JAL will hold a press conference today to give an outline of its restructuring plan, including the planned route cuts. So far I haven't heard anything yet but bloomberg has an interesting article. Apparently they have received the press release before JAL released that to the public.

“We can’t rely on future demand,” the statement said. “We will implement drastic cuts in fixed costs in one year rather than the three years initially planned.” (Bloomberg)

Below are the outline of the drastic cuts!
- 15 international and 30 domestic route cuts this fiscal year
- Retire 744 and A300 this fiscal year
- 1/3 job cut this fiscal year

Thanks to all the media leaks, these seems old news to me but then Bloomberg says this is from the STATEMENT released on JAL website today which I still couldn't find it yet.

More details to follow once I have more information.

Related Post:
Official JAL Press Release: List of domestic route changes/suspensions
Official Press released from JAL: List of route International route suspensions/frequency/capacity reductions/new routes

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