Japan Airlines Posts Biggest Loss of $1 Billion in Six Years as Travel Declines by Japan Airlines Corp._
In a official news, Japan Airlines Corp., Asia’s largest airline by sales, posted the biggest quarterly loss in at least six years as companies slashed business travel.
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Japan Air had a loss of 99 billion yen ($1 billion) in the three months ended June 30, compared with a loss of 3.4 billion yen in the same period last business year, the Tokyo-based company said in a statement today. Sales dropped 32 percent to 335 billion yen.
