TOKYO -- Japan Airlines on Tuesday forecast a net loss of 146 billion yen ($1.28 billion) for the fiscal year ending March 2022, as it struggles to recover from the coronavirus pandemic.
JAL had refrained making a forecast for the current fiscal year until now, amid lingering uncertainties related to COVID-19. The company is now expected to have operating losses for a second consecutive fiscal year. The airline forecasts 766 billion yen in consolidated sales for the current fiscal year, up 59% from the previous year.
