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Japan Airlines narrows H1 loss on cost cuts, forecasts annual loss -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Japan Airlines’ planes (JAL) are seen amid the outbreak of coronavirus (COVID-19), at Tokyo International Airport. This airport is also known as Haneda Airport. Tokyo, Japan. October 30, 2020. REUTERS/Issei Kato

TOKYO, Reuters – Japan Airlines Co Ltd posted a loss of first half before interest and taxes Tuesday at 151.8 billion yen ($1.34 Billion). This is less than a year ago because it reduced costs during the pandemic and predicted it would post an annual loss.

Japan’s second largest airline reported a loss of 223.9 billion Japanese yen for the six-month ended September 30.

JAL predicted that it would post a loss of interest and tax for the full year at 198 billion Japanese yen. It previously stated that its outlook was not clear enough to give guidance.

($1 = 113.6800 yen)

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