Japan Airlines blamed the economic downturn for a net loss of ¥63.1 billion ($651.2 million) for the fiscal year ended March 31, an ¥80 billion reversal from a net profit of ¥16.9 billion in the prior year. The airline recorded a 12.5% decline in revenue to ¥1.95 trillion. The result was in line with its forecast issued on April 28 (ATWOnline,April 29). It reported that while international passenger yields rose 8%, RPK demand fell 13.6%, resulting in a 6.7% drop in ...

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