Japan Airlines logs $2.6 billion loss over pandemic

Japan Airlines has been severely affected by the Covid Pandemic

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– Japan Airlines posted an annual net loss of $2.6 billion Friday but did not release a forecast for the current financial year;

– The carrier suffered a net loss of 286.7 billion yen for the year through March. It is the carriers first full-year result in the red since it relisted on the Tokyo Stock Exchange in 2012;

– JAL said it had decided not to release an outlook for the year ending March 2022, warning “it is difficult to foresee the recovery of demand while the global spread of Covid-19 shows no sign of slowdown”;

– Last month, Japan’s top airline ANA reported its worst ever annual loss of 404.6 billion yen, which was smaller than the firm’s earlier projection.