Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service
Japan Airlines: 12 billion yen loss in the year's second half
Tokyo, Japan - The Japanese airline decided to cut salaries
Debts of 2005 second half were 12.4 billion yen, approximately EUR 86m. Reasons are numerous and known. The rise in fuel costs and air security problems which have increased after 2001 September 11 attempts. JAL’s decision has been both drastic and swift: workers’ wages will be cut by 10% from January 1st 2006 to March 2008, while management pay will be cut by 23% to 40%.
AVIONEWS - World Aeronautical Press Agency - 130661
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency