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Fry DEJAL(tm)

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103 posts • Page 3 of 4 • 1, 2, 3, 4

Postby Tsuru » Fri Jan 08, 2010 1:16 am

A very short while as it turns out, at this rate JAL will be posting a 13.3 billion dollar loss at the end of this fiscal year (March 31).

Irish Times

The Nikkei said the turnaround body's plan calls for the carrier to slash more than 10,000 jobs over three years and write down the value of its fleet, resulting in a special charge of 1.13 trillion yen for JAL in the year ending this March.

The airline's operating loss could also widen to 260 billion yen as customers defect to other carriers, the paper said.

JAL's net loss will likely reach 1.23 trillion yen ($13.3 billion) for the year ending in March, the paper said.


The end is near. People are now officially turning to other carriers out of fear their tickets will be worthless.
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Postby 2triky » Fri Jan 08, 2010 1:25 am

Tsuru wrote:A very short while as it turns out, at this rate JAL will be posting a 13.3 billion dollar loss at the end of this fiscal year (March 31).


That's a lot of pringles.
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Postby Tsuru » Fri Jan 08, 2010 1:39 am

I am wondering though, what the hell are they losing all that money on?

From this one yearly loss alone they could buy 50 brand new 777-300ER jets!!
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Postby 2triky » Fri Jan 08, 2010 6:13 am

Tsuru wrote:I am wondering though, what the hell are they losing all that money on?


I am wondering the same thing. It's obvious that the entire airline industry is suffering as a consequence of the global recession but what in particular about JAL's situation is making their financial picture so bleak?

Most of the articles I've read in recent months don't expound on their problems in very much detail; they usually state financial losses and debt figures, but that's about it.
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Postby 2triky » Fri Jan 08, 2010 6:17 am

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Postby Tsuru » Fri Jan 08, 2010 3:59 pm

Holy shit 50 777's all done and paid for in one year.

They might be the biggest airline in Asia, but that would be enough to replace their whole fleet of aging 747's, and then some. Boeing could only build them that quickly if the whole 777 assembly line, the busiest widebody line in the whole company, would be JAL only for a whole year and all other customers were told to take a hike. :shock:

It would be mighty interesting to see where all that money went, perhaps as part of the bankruptcy proceedings.

I was going to post a bunch of pictures to illustrate what 50 777's look like, but then again that might fuck with the layout a little bit too much.

Bloody hell.
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Postby IkemenTommy » Fri Jan 08, 2010 4:16 pm

Only if JAL started to spend their money on something with greater value, like their air stewardess outfits, the company can be heading in the right direction.
Image

OK.. not in a million years but it was worth the idea.
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Postby Mulboyne » Sat Jan 09, 2010 11:16 pm

With JAL in corporate rehabilitation, I find the topic of conversation among my Japanese business friends is "what will happen to all my JAL air miles?" They are hopeful that they'll be still be valid since US programmes have generally honoured old credits when the associated airlines have gone through Chapter 11. They just hope there will be some associated international routes to use them on.
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Postby Tsuru » Sun Jan 10, 2010 8:28 am

Update on the JAL Deathwatch:

Various websites are now reporting JAL will file for bankruptcy on January 19th.

Meanwhile Dutch sources are reporting Air France-KLM joins the queue for a slice of the business.
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Postby GuyJean » Sun Jan 10, 2010 10:39 am

Tsuru wrote:Update on the JAL Deathwatch:

Various websites are now reporting JAL will file for bankruptcy on January 19th.

Meanwhile Dutch sources are reporting Air France-KLM joins the queue for a slice of the business.
On a Tuesday? Seems like a strange day of the week. I would assume it happen on a Friday.. If I were JAL, I think Air France would be more appealing than Delta.

I was asked by a JAL flight attendant recently how Delta ranks in the US. I said probably 3rd or 4th after United and American. But it was a wild guess. I'd assume people know the big names more than say, Alsaska or JetBlue.

Personally, I've had equally crappy service from almost all US airlines I've used. :p (Not entirely true. Not crappy service]http://www.tripspot.com/listairlinequality.htm[/url]
Of the 16 carriers rated in both 2007 and 2008, all had improved Airline Quality Rating scores. US Airways had the largest gain in overall score, while United had the smallest gain in AQR score for 2008.

The AQR ranked the 17 major airlines as follows:

Hawaiian
Air Tran
JetBlue
Northwest
Alaska
Southwest
Frontier
Continental
American
US Airways
United
Delta
SkyWest
Mesa
Comair
American Eagle
Atlantic Southeast
GJ
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Postby Tsuru » Mon Jan 11, 2010 12:55 am

Trouble is though, these days Northwest = Delta, and because KLM was very close with NWA and Air France is still very close with Delta, you can be mistaken for thinking it was just one big lump of airline.
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Reports: JAL to cut 15,600 jobs, reject cash bids

Postby Samurai_Jerk » Mon Jan 11, 2010 3:49 pm

Troubled Japan Airlines Corp. is set to cut about 15,600 jobs, a third of its work force, and reject billion-dollar cash offers from Delta and American Airlines, as it files for bankruptcy and embarks on a government-led turnaround, reports said Monday.

Under a rehabilitation plan now being hammered out by a state-backed corporate turnaround body, JAL would make the job cuts during the three fiscal years through March 2013, Kyodo News reported. The plan would include a fresh investment of 300 billion yen ($3.3 billion) by the body and wipe much of its soaring debts under bankruptcy protection.

JAL's shares, which have plunged in recent weeks, are to be delisted, the Asahi newspaper reported.

http://finance.yahoo.com/news/Reports-JAL-to-cut-15600-jobs-apf-1897102398.html?x=0
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Postby Mulboyne » Mon Jan 11, 2010 3:55 pm

I like this part from the report:

The state-backed Enterprise Turnaround Initiative Corp. of Japan will decline cash offers from Delta and American Airlines as it fears giving foreign carriers a foreign stake in the company would complicate the restructuring, according to media reports.
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Postby Mulboyne » Tue Jan 12, 2010 11:22 am

If the picture accompanying today's Asahi story is any guide, it looks like this means war.

Image
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Postby Mulboyne » Sat Jan 16, 2010 12:39 pm

AFP: JAL, Delta reach deal over tie-up
Japan Airlines has reached an agreement on a tie-up with Delta Air Lines as the troubled Japanese carrier readies for a court-led rehabilitation, according to a newspaper. The two companies are likely officially to sign the deal, which will allow them to run code-share flights, as soon as JAL's new management endorses it, the Yomiuri Shimbun said on Saturday, quoting company sources. The agreement means Asia's biggest airline will switch from the Oneworld alliance to the SkyTeam group, to which Delta belongs. JAL and Delta will ask US authorities for antitrust immunity by mid-February, the paper said. If the request is accepted, the two firms will be able to run combined flights over their Pacific routes in what amounts to business integration. The report came after American Airlines and its partners lifted their proposed investment in JAL to 1.4 billion US dollars, from a previous offer of 1.1 billion US dollars in a bidding war with rival Delta for a stake in JAL.

On Friday, Japan's government said it would announce a restructuring package for JAL on January 19, when the troubled carrier is widely expected to file for bankruptcy protection. JAL is believed to be on the verge of seeking court protection from creditors and delisting its shares from the Tokyo Stock Exchange to make it easier to restructure its debt and slash costs. JAL, which lost about 1.5 billion US dollars in the six months to September, is seeking public aid in the face of mounting debts. JAL is reportedly set to slash more than 15,000 jobs and sell non-core assets such as hotels.
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He's Not Steve Jobs, But This Tycoon May Fix It

Postby FG Lurker » Mon Jan 18, 2010 10:15 am

He's Not Steve Jobs, But This Tycoon May Fix It
Bloomberg Commentary, January 17, 2010
If you think nothing ever changes in Japan, consider Naoto Kan and Kazuo Inamori.

Kan is the new finance minister and Inamori is Japan Airlines Corp.'s new chief executive officer. Both men have three notable things in common. One, neither is a natural choice for the task at hand. Two, both hold the outlook for Asia's biggest economy in their hands. Three, the odds are stacked firmly against either succeeding.

[...]

Inamori's job would seem equally impossible. Beleaguered JAL soon may file for what would be the nation's sixth-biggest bankruptcy. The former flagship carrier holds a key place in the Japanese psyche. A few decades ago, its high level of service represented Japan's rise from the ashes of World War II. Now it's a national punch line and a reminder that Japan's zombie- company problem lives on.

[...]

The idea that JAL is an independent company is rubbish. Technically privatized in 1987, it has never been allowed to run itself for one reason: The Liberal Democratic Party, which ran Japan virtually uninterrupted for 54 years until last August, had an airport fetish. The LDP built white-elephant terminals and runways all over the nation to create construction jobs.

Then, it browbeat JAL's compliant executives into utilizing them. It left JAL with a stable of unprofitable routes -- not unlike Amtrak in the U.S. A key task for Inamori is halting those flights, a radical step that will require political support at the highest levels.

(Full Story)

Although I don't like a lot of the DPJ's ideas it is definitely interesting to see them shake things up a bit. I'm not sure how much actual change they will be able to affect but I give them credit for trying.
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Postby Tsuru » Tue Jan 19, 2010 8:39 am

Dutch sources are reporting Air France-KLM has reached an as yet unofficial deal to infuse more cash into JAL, anything up to €1.5 billion. Part of this deal is that JAL will become part of the NWA-Delta-Air France-KLM SkyTeam alliance, and move away from it's current codesharing alliance with BA/AA's OneWorld.
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Postby Tsuru » Fri Jan 29, 2010 8:14 pm

JAL dumps AA

Oops: "official decision next month" :rolleyes:

Anyway, sources are telling me JAL will move their daily NRT-AMS flight to HND as soon as the deal is done.

[SIZE="7"][color="White"]FUCK YEAH!!![/color][/SIZE]
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Postby Taro Toporific » Sat Jan 30, 2010 7:56 pm

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FUCK THE 2020 OLYMPICS!
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Postby Bucky » Tue Feb 02, 2010 2:20 am

The decline and fall of Japan Airlines, once Asia's largest carrier, which was put under bankruptcy protection on Jan. 19, is a tale of intellectual, political and financial corruption on an almost unimaginable scale.
:violin:

more. . .
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Postby 2triky » Tue Feb 02, 2010 2:33 am

Bucky wrote::violin:

more. . .


Good piece. Incisive and to the point.
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Postby Mulboyne » Thu Feb 04, 2010 11:16 am

Asahi: New JAL chief relies on 'amoeba' style for rebound
Japan Airlines Corp. restarted Monday under a new chairman who promised to introduce an "amoeba" style of management and eliminate the airline's red tape that has strangled profits and worker enthusiasm. "I think that JAL was a bureaucratic organization. I want to change the minds of its executives and other employees so that they become conscious about profits and losses," Kazuo Inamori, the new chairman, said at a news conference in Tokyo. Inamori, 78, said his amoeba style increases a sense of management among employees and rejuvenates their interest in profitability...

... Under the amoeba method, employees are split into teams of up to several dozen members. The leader of each team "manages" the others to increase earnings per hour. The performance of each team is evaluated at the end of each month and disclosed to all company employees on the first day of the following month. A team leader who has reached a high performance level is promoted to manager of a bigger team. Giving employees a strong awareness of management leads to increased productivity of the entire company, Inamori said. The system also encourages employees to do their jobs quicker. While Inamori expressed confidence that amoeba management will function well in rehabilitating JAL, he acknowledged it will be a tough challenge...more...
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Postby Doctor Stop » Fri Feb 05, 2010 11:49 am

Mulboyne wrote:Asahi: New JAL chief relies on 'amoeba' style for rebound
Because we all know how well protozoa can fly. Flap those pseudopods, baby.
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Postby Tsuru » Fri Feb 05, 2010 7:55 pm

Mulboyne wrote:Asahi: New JAL chief relies on 'amoeba' style for rebound
I'm guessing by "employees" he doesn't mean the infestation of civil servants.
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Postby Mulboyne » Mon Feb 08, 2010 12:10 pm

SeattlePI: JAL to Remain with American Airlines, says Japanese Media
Japan Airlines has decided to maintain its alliance with American Airlines and will end talks with Delta Air Lines, Japanese media reported early Monday. American and Delta are competing for JAL's alliance loyalty, as the Japanese carrier flies significant routes both inside Japan and to other parts of Asia. JAL recently declared bankruptcy with 26 billion dollars of debt. Early reports within the past two months suggested the carrier would chose Delta Air Lines and its SkyTeam alliance over American Airlines and its Oneworld alliance. However that was prior to a "clean-house" in JAL's management. The new management team promised to take a new look at the two offers. Early last week, JAL's new chairman Kazuo Inamori said the carrier would make a quick decision. JAL would not confirm the reports, and said that no decisions have been made...more...
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Postby Tsuru » Mon Feb 08, 2010 6:30 pm

Impossible.
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Perhaps Dejal is a bad idea for other reasons

Postby 2triky » Tue Feb 09, 2010 8:53 am

Dead man found in landing gear of US jet in Japan

Mon Feb 8, 2010

TOKYO (AFP) – Japanese authorities have found the body of a man in the landing gear of a Delta airliner that arrived in Tokyo from New York and said Monday they were seeking US help in identifying him.

The man, who was of dark complexion and dressed only in blue jeans and a long-sleeved shirt, was carrying no passport or personal belongings.

A mechanic found the body in the landing gear bay of the Boeing 777 after Delta Flight 59 landed at Tokyo's Narita International Airport at about 6:05 pm local time Sunday, a Chiba prefecture police spokesman said.

"Doctors say he probably froze to death and that he suffered a shortage of oxygen at an altitude of more than 10,000 metres (about 30,000 feet)," said another police official, Narita airport station spokesman Yoshimi Ichihara.

"We found no passport, no bag and no personal belongings. If he carried any luggage, it must have all dropped out when the airplane opened up the hatch of the landing gear bay above the ocean before it landed."

Japan was seeking help from US police to identify him, he said.
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Postby Bucky » Wed Feb 17, 2010 9:55 am

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Postby 2triky » Wed Feb 17, 2010 10:06 am

Bucky wrote:The following passage is in a press release from American Airlines that just landed in my inbox:


I wonder if other carriers are far behind?
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Postby Bucky » Wed Feb 17, 2010 10:14 am

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