Japan Airlines Group doubled (01-Feb-2021) its cost reduction target for FY2020 ending in Mar-2021 from its original target of JPY60 billion (USD571.3 million) to more than JPY120 billion (USD1.1 billion). It has achieved JPY102 billion (USD971.1 million) in cost reduction in the nine months to Dec-2020 and continues to aim for a cost reduction equivalent to 40% of the reduced revenue. [more - original PR]
Japan Airlines Group doubles cost reduction target to USD1.1bn for FY2020
3 February, 2021