JAL Plans To Carry Freight Solely In Passenger Flights

Debt-ridden Japan Airlines Corp said it will suspend its scheduled freighter flight services by the end of October and would instead use the cargo belly space of passenger flights, Reuters reported. The airline's passenger flights provide cargo capacity of about three times the volume available on its scheduled freighter flights, the company said in a press release posted on its website. The market conditions for international cargo business is expected to remain severe and the new cargo business structure aims for a stable profit that can boost the recovery of its financial standing, the company said. Earlier in January, JAL filed for protection from creditors with more than $25 billion in debts, making it Japan's biggest-ever bankruptcy by a non-financial firm. Read more.