JAL to cut 4300 jobs under revival plan

Japan Airlines has announced plans to cut 4,300 jobs over three years as part of a revival plan aimed at returning the carrier to steady profits in the face of high oil prices and sluggish demand. JAL, Asia's largest carrier, said that it aimed to reduce its personnel costs by 50 billion yen (415.3 million dollars) by March 2008, and increase its fuel efficiency through hedging, lighter cabins and other measures.

JAL said that its business was "changing by the minute" in the face of fierce competition and high fuel prices. The airline has also been hit by a series of highly publicised safety scares that sent customers into the arms of rival All Nippon Airways.

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