JAL expects it will take time for international air travel demand to recover as long as strict border controls remain in place amid the coronavirus pandemic, the sources said.
The airline has not provided its forecast for the current fiscal year to
The expected loss marks a sharp deterioration from
The parent company of
JAL introduced new accounting standards, starting in the current business year.
The airline is considering raising as much as
JAL is expected to report an operating loss of around
It has implemented cost-cutting measures and benefited from a government program launched in late July that subsidizes 35 percent of domestic travel expenses.
The company had undertaken drastic restructuring measures such as cutting its fleet capacity by over 100 aircraft and slashing its workforce by about 16,000 employees after filing for bankruptcy in 2010. As revamp efforts began paying off, it went public again in 2012.
==Kyodo
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