JAL loses weight to cut losses, but recession looms

Japan Airlines (JAL) has continued the good work under President & CEO, Haruka Nishimatsu, reporting its fifth consecutive reduction in first quarter losses and a swing into the black at the operating level. JAL is finally getting down to its optimum fighting weight after years of excess. If the economy does falter, the airline could lose a few more pounds by cutting more lower yielding leisure routes.