Japanese airlines could see 1 tril. yen revenue fall on virus pandemic

The global coronavirus pandemic could result in a 1 trillion yen ($9.3 billion) fall in combined revenue for the Japanese airline industry in the next 12 months, according to an estimate by a domestic aviation organization.The Scheduled Airlines Association of Japan forecasts domestic carriers such as Japan Airlines and All Nippon Airways will lose over 400 billion yen in revenue in just four months through May, much worse than the about 300 billion yen in annual revenue decline during the time of the 2008 global financial crisis.The number of airline passengers has been sharply decreasing …READ FULL ARTICLE