Japan Airlines narrows H1 loss on cost cuts, forecasts annual loss

Written by on November 2, 2021

November 2, 2021

TOKYO (Reuters) – Japan Airlines Co Ltd (JAL) on Tuesday posted a first-half loss before interest and tax of 151.8 billion yen ($1.34 billion), less than a year ago as it cut costs during the pandemic, and forecast it would report an annual loss.

The prior year, Japan’s second-largest airline had reported a loss before interest and tax of 223.9 billion yen in the six months ended Sept. 30.

JAL forecast it would report a full-year loss before interest and tax of 198 billion yen, having previously said the outlook was too uncertain to provide guidance.

($1 = 113.6800 yen)

(Reporting by Maki Shiraki in Tokyo; Writing by Jamie Freed; Editing by Kim Coghill)

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