Japan Airlines’ Q4 operating loss quadruples as pandemic curbs air travel

Photo: Tango Tsuttie / Unsplash

Japan Airlines (JAL) said on Friday that its fourth-quarter operating loss quadrupled to 104.1 billion yen ($953.9 million) as coronavirus restrictions continued to curb air travel demand.

The result for the three months to March 31, which compares with a loss of 25.9 billion yen a year ago, was worse than an estimated average 88.96 billion yen loss from three analyst surveyed by Refinitiv.

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