All Nippon Airways expects to achieve a net profit of ¥5 billion in its current fiscal year, to March 31, despite losing a net ¥5.25 billion ($607,754 million) in the three months to June 30. The first-quarter results represent a sharp improvement on the loss of ¥29.2 billion a year earlier, and on an operating basis the airline made a profit of ¥2.98 billion, compared with a loss of ¥49.5 billion in the corresponding period of 2009-2010.

China Eastern’s branch in the southwestern province Yunnan will have capital of 3.66 billion yuan ($540 million) after it is reorganized as a joint business with the provincial government. The airline confirms a plan announced last year for the Yunnan government to take a 35% stake in the branch, which is struggling against rising competition. Most of the capital is being injected in the form of assets, not cash. The government is contributing land worth 1.03 billion yuan, although it is unclear what the jointly owned airline will do with it.

Japan Airlines has softened its restructuring effort, planning fewer job cuts than were discussed in June, according to the latest reports in major Japanese media. The carrier is also asking for less debt forgiveness from its banks in a restructuring plan that it hopes they will endorse to the court supervising its bankruptcy. Japan Airlines has been under protection from creditors since January. The plan further eases the burden on the banks by refinancing less debt—¥320 billion ($47.2 billion) instead of ¥360 billion—says the Mainichi newspaper.