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JAL maintains full-year loss forecast amid spread of omicron

Demand for international cargo, cost cuts seen to offset passenger business fall

JAL reported a narrower net loss in the nine months to December but the company faces headwinds from the omicron variant of COVID-19 spread in Japan. (Photo by Yo Inoue)

TOKYO -- Japan Airlines on Wednesday maintained its previous forecast for a net loss of 146 billion yen ($1.27 billion) for the fiscal year ending in March despite a surge in omicron infections.

The company is now expected to post a net loss for the second consecutive fiscal year, but the loss is narrower than 2020's 286 billion yen net loss. It also expects 766 billion yen in consolidated sales for the current fiscal year, up 59% from the previous year.

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