Japan Airlines Loses $742 Million With Massive Write-Off
Japan Airlines posted an operating profit in fiscal 1998, but with management's decision to write off 113.4 billion yen (US$893.5 million) because of loss-making enterprises, the airline's net loss totaled 94.2 billion yen ($742 million). In fiscal 1996, JAL lost 8.9 billion yen ($70.4 million)...
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