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Companies

JAL to record $1.1bn quarterly loss on pandemic

Company braces for the most red ink since its 2012 stock market listing

Japan Airlines is expecting to report its biggest quarterly operating loss since its stock market relisting in 2012 as demand during the three months from April to June dropped dramatically due to the coronavirus. (Photo by Karina Noka)

TOKYO -- Japan Airlines is expected to report an operating loss of about 120 billion yen ($1.1 billion) for the April-June quarter, swinging from a profit of 21 billion yen during the same period a year ago, Nikkei has learned, due to a sharp decline in passenger demand due to the coronavirus.

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