Japan Airlines' annual net profit plunged nearly 65 percent, the company said Thursday, as it faced the 'unprecedented' impact of the coronavirus ...
READ: COVID-19: Safe distancing on aircraft and higher ticket prices could be 'new normal' for industry, say analystsJAL said demand had plunged owing to entry bans around the world, the cancellation of major domestic events, and a state of emergency in Japan with authorities urging citizens not to travel."Our group is facing an unprecedented situation," the company said in a statement.
For now, JAL plans to cut its number of flights by 90 per cent on international routes and more than 60 per cent on domestic routes from its flight schedule announced before the pandemic.READ: COVID-19: AirAsia trials PPE suits for cabin crew On Tuesday, domestic rival ANA Holdings said its annual net profit dived 75 per cent to ¥27.6 billion on sales of ¥1.9 trillion, which were down 4.1 per cent.
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