Published on : Wednesday, April 22, 2020
JAL also sharply revised down its operating profit forecasts to ¥100 billion from ¥140 billion and sales were forecast to fall to ¥1.41 trillion from a previous estimate of ¥1.48 trillion.
JAL posted ¥150 billion in net profits in its previous fiscal year.
The firm’s downward revision came a day after cash-strapped Virgin Australia filed for insolvency because of the coronavirus pandemic, which has ravaged the global airline industry.
Tags: japanese airlines