Japan Airlines Co. expects a worse loss this fiscal year than previously forecast as the coronavirus wreaks havoc on international demand for travel.
The nation’s flag carrier is now forecasting a net loss of ¥300 billion for the 12 months ending March 31 and sales of ¥460 billion, according to an exchange filing Monday.
For the third quarter, JAL reported a net loss of ¥51.5 billion, wider than the ¥36.9 billion estimated by analysts. Sales for the period were ¥161.8 billion versus the ¥170 billion forecast.