JAL posts grim results; retires 777s

The JAL Group has reported a 74% decline in operating revenue to ¥194.7bn between April and September 2020. Pre-tax losses reached ¥223.9bn, with a net loss of ¥161.2bn. International passenger demand decreased by 97.7% and international passenger revenue recorded ¥9.1bn, down 96.6% year-on-year. Domestic passenger numbers are down 76.1% and passenger revenue recorded ¥69.6bn, down 75.6% year-on-year. JAL operated 7,228 cargo flights using passenger aircraft in period helping boost cargo revenue by 18.4% year-on-year to ¥53.4bn. The group states that it has reduced operation expenses by 40% to ¥217.8bn year-on-year, which the company aims to continue. The reductions have been