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Japan Airlines posts big annual loss
Japan Airlines posted an annual net loss of $2.6 billion, marking its first full-year deficit for nearly a decade.
It opted not to give an outlook for the year ahead due to the continuing uncertainty. "it is difficult to foresee the recovery of demand while the global spread of Covid-19 shows no sign of slowdown," JAL said.
Revenues were down more than 65% on the previous 12 months. It had expected a big year in 2020 with the Tokyo Olympics and record tourism growth at the time.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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