Before the March 11 disasters, JAL had come out of bankruptcy.  Now the huge drop in people coming to Japan (some sources say at least 75% drop) is threatening to do JAL in.

Last week JAL announced they will ask employees to take time off without pay.  Now JAL says it needs to cut costs by 10 billion yen.

JAL President Masaru Onishi, said international flight passengers is only 25% of what they need to make money.

They will extend the employee time off without pay plan, as well as halt payments for employee ‘expenses’ and ‘allowances’.