No matter what Japan Airlines does right now, investors are too scared to put any money into the dying airline. The future of Japan Airlines went further into doubt after its shares lost over a third of their value in just two days. Shares in the Japaneses flag carrier closed 24 percent lower at 67 yens. This added to a loss of 8 percent that was seen the day before that.

As of right now the airline owes all of its creditors about 500 billion yen. This does include losses over the last financial year. Creditors that Japan Airlines owes includes Mitsubishi UFJ Financial, Sumitomo Mitsui Financial, Mizuho Financial and the state-affiliated Development Bank of Japan.

The Japan Transport minister, Seiji Maehara, said that bankruptcy is not the only option that the airline has at this point in time. The cabinet is due to meet later on in Tokyo to discuss the airline’s future. He said that the plan to keep the airline flying would be announced when ready.

So far, Japan Airlines has struggled for the last few years, thus, this is not new news. In fact, Japan Airlines has been bailed out three times by the government since 2001. However, just last week the government said it would no longer guarantee such funding to the airline. The Finance Minister, Hirohisa Fujii, said that the state budget for the next financial year would not include any such loan guarantees. He noted that this is a matter that should be worked out by private companies and not the government.

Although people want Japan Airlines to stick around, many think that people are sick of throwing money into a company that does not seem to be able to reach profitability. Only time will tell if Japan Airlines will be able to get over this hump.