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Tokyo - Japan Airlines said on Friday it posted a $1bn loss in the April-May quarter, larger than its loss for all of last year, as ticket sales suffered due to the weak economy and swine flu fears.
Asia's biggest airline said its net loss was ¥99bn, versus a ¥3.4bn loss a year earlier. Sales fell 32% to ¥334.9bn.
JAL, which is in the midst of a massive restructuring, said income fell across both domestic and international routes, as well as its shipping business. The company said the losses came despite lower outlays for fuel and wages.
For the current fiscal year through March, JAL kept its forecast for a ¥63bn net loss and revenue of ¥1.75 trillion.
-AP
