What lies ahead for loss-making Japan Airlines?

Japan Airlines posts a record loss, while US suitors American Airlines and Delta continue to circle.

Amid a storm of speculation over its future, Japan Airlines JAL announced dismal first-half results as it entered out-of-court mediation with its creditors over its multi-billion dollar debt burden.

JAL announced a 95.7 billion $1.1 billion operating loss last Friday for the first half of this financial year which ended September 30. That's down a whopping 417% from a year earlier when it posted an operating profit of 30.2 billion. Even JAL's chief financial officer Yoshimasa Kanayama...

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