Japan Airlines sees $1.3 billion loss in 2021 amid COVID pandemic
Japan Airlines Co. said Tuesday it expects a net loss of 146 billion yen in the business year through next March amid a later-than-expected recovery in air travel demand from the COVID-19 fallout.
The coronavirus pandemic-caused evaporation of air travel demand had already led JAL to post a net loss of 286.69 billion yen in the year ended March 2021, the first red ink since its 2012 relisting following a state-backed rehabilitation. In the six months to September, the Japanese airline logged a net loss of 104.98 billion yen, smaller than the 161.23 billion loss a year earlier.
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