Japan Airlines is expected to report a record loss when it announces quarterly earnings Monday, but its bankruptcy a decade ago taught the carrier lessons in resilience that will prove invaluable amid a coronavirus crisis likely to drag on. JAL, which is believed to have suffered an operating loss of about Y120b ($1.14b) last quarter, is in the process of securing Y500b in funding. That is more than the Y300b-plus in cash it held at the end of the fiscal year through March, but less than half the 1.04t yen being raised by rival ANA Holdings. Even so, JAL management believes this will be enough. "Look at our low percentage of rented planes," an executive said. The carrier had 241 aircraft in its fleet at the end of fiscal 2019, of which 10% were leased. ANA, by contrast, rents 31% of its 303 planes. Airlines must make payments on leased planes even when they are grounded, while aircraft that are owned require only minimal spending when not flying -- a crucial difference in an unprecedented disruption to the normal flow of people and goods. JAL's preference for directly owned aircraft stems from reforms implemented after its bankruptcy. Story has more analysis.<br/>