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JAL and ANA together spill $2bn in red ink on virus headwinds

Japan Airlines eyes return to profitability in March if air travel rebounds

ANA Holdings and Japan Airlines have both suffered deep declines in passenger traffic. (Photo by Kosaku Mimura)

TOKYO -- Japan's two largest airlines have logged a combined net loss of roughly $1.9 billion for the April-June quarter as the coronavirus pandemic slashed demand for both domestic and international air travel.

Japan Airlines on Monday reported a quarterly loss equivalent to $885 million on a 78% plunge in revenue to $721 million. Earnings before interest and taxes came to a $1.24 billion loss. The company switched to International Financial Reporting Standards starting in the April-June period.

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