Japan Air Lines has decided to omit its dividend.
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The carrier cited losses stemming from the crash of a Boeing 747 jetliner in which 520 persons were killed for omitting its dividend for fiscal 1985 ending this month. The Japanese national flag carrier paid 40 yen a share in fiscal 1984, then worth about 60 cents. A combination of soaring maintenance review costs and declining passenger traffic after the crash contributed to the airline’s decision, the statement said. JAL is scheduled to release its earnings results in May.
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