- ARAB NEWS
- 23 Apr 2024
Since 1975
TOKYO: Japan Airlines on Monday posted a consolidated net loss of 93,707 million yen for April-June, the largest quarterly loss since the company went public again in 2012.
The airline saw a drop in passenger numbers due to entry restrictions across the world and travel restraints in Japan amid the coronavirus pandemic.
In April-June last year, the company reported a net profit of 12,958 million yen.
In the latest fiscal first quarter, sales plunged 78.1 percent from a year before to 76,391 million yen.
The airline recorded an operating loss of 131,010 million yen before interest and taxes, against a profit of 19,961 million yen a year before.
It did not announce earnings estimates for the full year ending in March 2021.
ANA Holdings Inc., the parent of domestic rival All Nippon Airways, logged a net loss of 108,819 million yen for the April-June quarter due to the pandemic.
JIJI Press
