Japan Airlines said today it suffered a deep quarterly net loss as the coronavirus pandemic halted air travel around the world.
But the latest data registered as the biggest loss, under a different accounting method, since the company was relisted on the Tokyo Stock Exchange in 2012, after it filed for bankruptcy in 2010.The company did not issue annual forecasts, citing deep uncertainty surrounding the pandemic. "Upon the declaration of the state of emergency on April 7 in Japan, domestic passenger demand also fell rapidly and in an unprecedented manner as interprefecture travel was strongly discouraged by the government," it said.The lifting of Japan's emergency declaration and the nation's recent push to promote domestic travel have improved domestic demand a bit, the company said.
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