JAPAN AIRLINES TO CUT STAFF, DELAY DELIVERIES
Japan Airlines has announced a series of cost-cutting moves, including
elimination of 3,600 ground jobs and 15 director positions in the next
JAL also said it will try to delay delivery of 12 new planes and to
retire some planes ahead of schedule.
The airline said it hopes to achieve a $255 million pretax profit in the
2002 fiscal year and to reduce debt by $850 million to $12 billion.