Japan Airlines reported an annual net loss of $ 2.6 billion on Friday but did not release a forecast for the current fiscal year, citing uncertainty around the coronavirus pandemic.
The carrier, Japan’s second-largest by market share, suffered a net loss of 286.7 billion yen for the year through March – its first annual result in the red since re-listing on the Tokyo Stock Exchange in 2012.
“There has not yet been any indication of a resumption in passenger demand” due to restrictions on international travel and tighter immigration measures, JAL said.
“Our situation has been serious throughout this fiscal year. “
The company last week revised its 2020-2021 net loss projection to 287 billion yen from a forecast of 300 billion yen in February.
JAL said it has decided not to publish an outlook for the year ending March 2022, warning “that it is difficult to predict the recovery in demand as the global spread of Covid-19 shows no signs of slowing down “.
Sales fell 65.3% from a year earlier to 481.2 billion yen.
Japan’s leading airline ANA reported its worst annual loss of 404.6 billion yen last month, which was lower than the company’s previous forecast.
But ANA Holdings said it expects to see a rebound to 3.5 billion yen in net profit in 2021-2022, as the coronavirus disruption that has hit the world’s aviation industry begins. to subside.
Japanese airlines were expecting a bumper year in 2020, when the Tokyo Olympics were initially scheduled to take place and tourist numbers were expected to break records.
The postponed Games are now set to open in July, but overseas spectators have already been excluded from the event, with a decision on domestic fans delayed until June.
© 2021 AFP