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Japan Airlines posts $1.5 billion first-half loss

Published: November 13, 2009 6:50 AM
By The Associated Press  YURI KAGEYAMA (AP Business Writer)

Quick ReadJapan Airlines posts $1.5 billion first-half loss, seeks to fend off creditors amid turnaround

TOKYO (AP) — Japan Airlines said Friday it racked up a $1.5 billion loss and was seeking government help to fend off creditors as the beleaguered carrier struggles to recover from the travel industry's deepest slump in years.

The fate of Asia's largest airline was so uncertain that it abandoned any forecasts for the year — a sign of the hardships it faces as it presses for a government bailout...

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