JAL’s horror results worse than feared: net loss of USD1.5 billion for 1H2010

The first half of JAL's 2009-10 financial year generated a net loss of USD1,465 million, a USD2 billion reversal from last year's first half result. With USD15 billion in debt, this is an airline that will require major surgery - including amputation - if it is to become viable in the medium term. Even a large upturn in the economy will not provide the respite that is needed to reverse this avalanche of red ink.