Japan Airlines share down

Shares in the troubled carrier Japan Airlines ( JAL) have plunged to a record low of 5 yen (6 cents, 3 pence) ahead of an expected bankruptcy filing. The bankruptcy is part of a government bail- out that is likely to be announced on Tuesday, reports say. The company, which lost about $1.5 bn in the six months to September, is now worth just $150 m - less than the price of a new jumbo jet. The company's stock reached a high of 366 yen a share back in 2003. While the turnaround plan backed by the government will see the airline continue to fly, investors in the company are likely to lose most of their money. Along with other major global airlines, JAL has been hit hard by falling passenger numbers during the downturn and is struggling with debts of more than 1 tn yen.