Japan Air System Co. has revised downward its net profit forecast for fiscal 1997 from zero to a 1.6 billion yen loss on an unconsolidated basis, JAS President Hiromi Funabiki told a regular press conference March 31.

The carrier also revised its pretax profit forecast from zero to a 1.5 billion yen loss for the same period, while the sales forecast was lowered from 331.9 billion yen to 325.1 billion yen.

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