JAL set for $2.2b loss in 2020 for first deficit since relisting
Japan Airlines is expected to report a consolidated net loss of Y230b ($2.2b) for the year ending March amid the coronavirus pandemic and a collapse in air travel, Nikkei learned Tuesday. This compares with a Y53.4b profit last year. The dismal prospect comes even as deficits have started narrowing in recent quarters, thanks to a gradual recovery in domestic flights. JAL is expected to publish its forecast when it releases half-year results on Friday. It is difficult to compare this year's results with those of the past, as the company switched to international accounting standards starting in fiscal 2020. A net loss would be the first since the company relisted on the stock exchange in 2012.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-10-27/oneworld/jal-set-for-2-2b-loss-in-2020-for-first-deficit-since-relisting
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JAL set for $2.2b loss in 2020 for first deficit since relisting
Japan Airlines is expected to report a consolidated net loss of Y230b ($2.2b) for the year ending March amid the coronavirus pandemic and a collapse in air travel, Nikkei learned Tuesday. This compares with a Y53.4b profit last year. The dismal prospect comes even as deficits have started narrowing in recent quarters, thanks to a gradual recovery in domestic flights. JAL is expected to publish its forecast when it releases half-year results on Friday. It is difficult to compare this year's results with those of the past, as the company switched to international accounting standards starting in fiscal 2020. A net loss would be the first since the company relisted on the stock exchange in 2012.<br/>
