© Reuters. FILE PHOTO: Japan Airlines’ (JAL) airplanes are seen, amid the coronavirus disease (COVID-19) outbreak, at the Tokyo International Airport, commonly known as Haneda Airport in Tokyo, Japan October 30, 2020. REUTERS/Issei Kato
TOKYO (Reuters) – Japan Airlines Co Ltd (JAL) on Tuesday posted a first-half loss before interest and tax of 151.8 billion yen ($1.34 billion), less than a year ago as it cut costs during the pandemic, and forecast it would report an annual loss.
The prior year, Japan’s second-largest airline had reported a loss before interest and tax of 223.9 billion yen in the six months ended Sept. 30.
JAL forecast it would report a full-year loss before interest and tax of 198 billion yen, having previously said the outlook was too uncertain to provide guidance.
($1 = 113.6800 yen)
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