JAL forecasts return to profit in FY 2022 on travel recovery hopes

Japan Airlines Co. said Friday it sees a return to the black in the business year ending next March on expectations that travel demand will recover as the effects of the COVID-19 pandemic have begun to ease.JAL reported a net profit forecast of 45 billion yen ($345 million) in the current fiscal year, noting that its expectations outweigh uncertainties stemming from the Ukraine crisis and elevated fuel prices.Fiscal 2022 sales are projected to more than double from a year earlier to 1.39 trillion yen."Domestic flights are off to a good start," said JAL President Yuji Akasaka during a press …READ FULL ARTICLE