JAL’s share price slumps; Cathay yields higher in Dec-2009; Jet expects improved yields in 2010
JAL’s share price slumped 45% to a record low and reached the trading limit on 12-Jan-2010, as investors rushed to sell JAL shares on speculation it would file for the country’s sixth largest bankruptcy. Despite JAL's falls, Japan’s Nikkei 225 stock average rose to a new 15-month yesterday.
