JAL said net profit for the fiscal year ending in March fell 64.6% to 53.4 billion yen on annual sales of 1.4 trillion yen, down 5.1%.JAL said demand had plunged owing to entry bans around the world, the cancellation of major domestic events, and a"Our group is facing an unprecedented situation," the company said in a statement.
The airline did not release earnings forecasts for the current financial year, citing uncertainty over the pandemic. For now, JAL plans to cut its number of flights by 90% on international routes and more than 60% on domestic routes from its flight schedule announced before the pandemic."The decline in flight demand due to the impact of the new coronavirus is a temporary phenomenon and our mid- and long-term forecast that demand for flights from and to Japan will grow greatly has remained unchanged," it said.annual net profit dived 75% to 27.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan to extend state of emergency over virus: reportsREMDESIVIR made in the USA and FABUNAN ANTIVIRAL INJECTION, made in the Philippines, can Allegedly STOP Covid,-19, Lets Give it a TRY.I dont think it will KILL Covid-19 Paients.
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Samsung Electronics profit slips on virus, more falls forecastThe company expects weaker results in the April-June period as 'uncertainties driven by COVID-19 will persist' into the second half.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Japan to extend state of emergency over virus: reportsREMDESIVIR made in the USA and FABUNAN ANTIVIRAL INJECTION, made in the Philippines, can Allegedly STOP Covid,-19, Lets Give it a TRY.I dont think it will KILL Covid-19 Paients.
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Novartis profit up as world flocks to buy medicinePharmaceutical giant Novartis says its net profit for the 1st quarter of 2020 rose 16% to $2.1 billion. Our lost, their gain.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Virus cases, deaths accelerate as DOH falls short of testing goalA father carries his 16-day-old son nicknamed Kobe after the baby recovered from Covid-19 and got discharged at the National Children's Hospital in Quezon City. duqueresign save lives.
Source: sunstaronline - 🏆 18. / 59 Read more »
US virus cases hit a million as Germans wear masks in shopsThe United States reported its millionth coronavirus case as hard-hit European countries took tentative steps towards lifting lockdowns, with masks mandatory in all German shops from Wednesday.
Source: inquirerdotnet - 🏆 3. / 86 Read more »