URGENT: JAL expects net loss of 300 bil. yen in FY 2020 amid pandemic

Economy

Japan Airlines Co. said Monday it has revised down its net loss outlook for fiscal 2020 to 300 billion yen ($2.86 billion) from the previous forecast of between 240 billion yen and 270 billion yen due to falling air travel demand amid the coronavirus pandemic.

The major airline said it posted a net loss of 212.72 billion yen in the April-December period, on sales of 356.55 billion yen, down from 1.11 trillion yen a year earlier.

Kyodo News

Kyodo News