JAL to cut 8 percent of work force after it reports US$90 million quarterly loss

Japan Airlines Co. announced Tuesday that it will cut 4,300 employees, or about 8 percent of its entire work force, by the end of fiscal 2009 after it reported a net loss for the most recent quarter.

Soaring fuel costs continue to be a problem, JAL said, although oil prices have eased since October. The average price for jet fuel over the nine-month period from April 2006 was US$81.9 per barrel, a price that’s unprecedented, it said.
International Herald Tribune