JAL marked its largest loss on a quarterly basis since the April-June period in fiscal 2009 when it logged a net loss of
The loss is also the largest since it relisted in 2012 after filing for bankruptcy.
The company again withheld its earnings forecast for the current business year through March, citing uncertainty due to the virus pandemic.
Meanwhile, the airline said its estimated revenues from domestic and international passengers are expected to be 55 percent or 65 percent lower than the previous year's revenue of
"It is very hard to foresee a path to recovery right now,"
In the April-June quarter, JAL logged an operating loss of
Revenue from international passengers plunged 97.9 percent to
However, revenue from cargo and postal flights posted a 16.9 percent increase to 26.5 billion amid tight supply of services due to the virus spread, according to JAL.
Kikuyama said the company plans to cut fixed costs by
JAL said it has sufficient cash reserves despite the hit taken during the pandemic, holding
JAL's virus-hit earnings result followed its rival
==Kyodo
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