JAL expects pandemic's blow to be harder than estimated earlier

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 a further fall in air travel demand amid a global resurgence of coronavirus infections.The major airline is expected to log the first red ink in the current business year through March since relisting in 2012 following its bankruptcy in 2010 and the worst in the company's history.JAL said it posted a net loss of 212.72 billion yen in the April-December period, a reversal from a profit of 74…READ FULL ARTICLE