Japan Airways to put up document $2.2 bln web loss this yr – Nikkei

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Japan Airways to put up document $2.2 bln web loss this yr – Nikkei

Adds analyst estimate, firm remark, share worth TOKYO, Oct


Adds analyst estimate, firm remark, share worth

TOKYO, Oct 27 (Reuters)Japan Airways Co) JAL <9201.T> is more likely to put up a document web lack of about 230 billion yen ($2.20 billion) within the enterprise yr ending in March 2021, battered by a coronavirus-led plunge in demand, the Nikkei enterprise every day reported on Tuesday.

That is roughly according to the 226.Eight billion yen web loss anticipated by 9 analysts, in accordance with Refinitiv SmartEstimate knowledge, and compares with a web revenue of 53.41 billion yen posted within the yr ended March 31.

Japan’s second-biggest provider has not supplied steering for the present yr.

A JAL spokeswoman mentioned the reported forecast was not one thing the corporate introduced, declining to remark. It is because of announce its first-half outcomes on Friday.

Shares in JAL fell 2.8% after the report.

($1 = 104.7700 yen)

(Reporting by Chang-Ran Kim; Modifying by Kim Coghill)

(([email protected]; +81-3-4563-2740;))

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