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Amid pandemic, JAL posts biggest loss of $2.6bn since relisting

Airline group aims to return to pre-COVID profit levels by 2023

Japan's national air carrier has been hit hard by declining passenger numbers. (Photo by Akira Koda)

TOKYO -- Japan Airlines posted a consolidated net loss of 286.6 billion yen ($2.6 billion) for fiscal 2020 on Friday, the biggest yearly loss since it relisted in 2012, amid a sharp decline in passengers due to the coronavirus pandemic.

Although the net loss is the group's biggest ever, it still is 14 billion yen less than the company's forecast in February of a net loss of 300 billion yen.

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