Japan Airlines (JAL) on Monday announced plans to launch a budget airline, hoping to take advantage of an expected expansion in the nation’s low-cost market ahead of the 2020 Tokyo Olympics.
Japan Today

HINTS
S Japan Airlines (JAL) ([on] Monday)
V [announced]
O [plans]

JALは計画をアナウンスした

V [to launch]
O a budget airline

JALは格安航空会社を起こす
,
V hoping 望む
OV [to take] 利用する
O advantage [of] an expected expansion 拡大の有利性

補足
[in] the nation’s low-cost market 格安市場で
ahead [of] the 2020 Tokyo Olympics. 2020オリンピック前の