http://news.airwise.com/story/view/1245659374.html
JAL wants 2 billion USD in loans, Japan's govt plans 1 billion in emergency loans. And JAL reports a 500 million USD loss. One of my friends wanted to fly JAL econ to Taiwan recently but couldnt get a seat. I do think they need to re-assess how to make money system wide. For example the 777-300ER to Asia flying empty in First and Biz. Time to reduce the number of those seats drastically to fit the actual demand and increase the econ seats if those are the ones selling. Granted getting 350 bucks to transport someone to Taiwan in econ versus 5000 in First or 3000 in Biz is a huge difference (all one way approx) but flying those premium seats empty means ZERO dollars. EVA does everything it can to make money and still lost 300 million USD last year but its a move in the right direction.
Could be in the current biz climate JAL willl still lose money even if it did everything right to make it, but the loss will be substantially less and more "affordable" until the world airline climate improves.