I think that JAL has overcome the bankruptcy issue that was occurring in January.
They have made a few changes, like reducing the amount of flights going out and changing some of the prices, but as you can still see the JAL airlines still running after the incident, it is looking as it is progressing to stay steady. Prices of the gasoline has rissen which adds up to the airline fee as well. Many of the employees jobs were cut though, and has been said that more than 16,000 peoples jobs were cut off, and many of the airlines are a non profit for the company. Even though they are still in debt, they are still fighting through. It has been said that this was one of the biggest failures in the economy.
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Hey Takaki
I am here to give some SENIORLY ADVICE
I think you summarised what happened quite well, and very efficiently. That’s a good skill for the actual IB assessed things, because you only have a limited amount of words for IAs and a limited amount of time for exams.
However, I think you could have applied what you have learnt in economics class to the situation a bit more. As I understand, you have just learnt about elasticity? Perhaps you could go into the elasticity of JAL flights, and include a diagram (the IB loves diagrams)
keep up the good work
Takaki, the points you made in this post were great! You went straight to the point in explaining the steps JAL took to solve their problem and the effectiveness of the aforementioned. You did a good job in mentioning the cost factors, such as gasoline. Since you are learning about elasticity, how do you think the different types of elasticity played a role in what happened to JAL? Also, try to include some diagrams to help explain your ideas thoroughly.