TOKYO: Japan Airlines on Monday said it suffered a deep quarterly net loss of $885 million as the coronavirus pandemic halted air travel around the world.
The air carrier said its net loss for April-June came to 93.7 billion yen, plummeting from a quarterly profit of 12.9 billion yen seen a year ago.
The company changed its accounting method starting this quarter.
Quarterly sales dived 78.1 percent to 76.4 billion yen, JAL said. The company did not issue annual forecasts, citing deep uncertainty surrounding the pandemic.
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