JAL to post net loss of up to 270 bil. yen in FY 2020 due to pandemic

Japan Airlines Co. said Friday it expects to post a net loss of between 240 billion yen ($2.3 billion) and 270 billion yen in the current business year through March, the first red ink since its relisting in 2012, as the coronavirus pandemic sharply reduced demand for air travel.JAL said it logged a net loss of 161.23 billion yen in the first half of fiscal 2020. Earnings before interest and taxes saw a loss of 223.97 billion yen on sales of 194.79 billion yen, down 74.0 percent from a year earlier."We have seen very severe results following the continued impact of the virus," Hideki Kikuya…READ FULL ARTICLE