JAL posts big quarterly loss, seeks third-party mediation with creditors

Troubled Japan Airlines Friday reported a net loss of ¥32.1 billion ($357 million) for its fiscal second quarter ended Sept. 30, reversed from a ¥40.1 billion profit in the year-ago period, and announced it has applied for “certified alternative dispute resolution,” an out-of-court mediation process that enables strapped Japanese companies to negotiate debt settlements with creditors.