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.
