Massive net loss for JAL anticipated; double-digit pax and freight growth again for Hainan Airlines
JAL’s shares tumbled 9.5% yesterday, after the Nikkei reported that the carrier was likely to post a net loss of USD13.3 billion in the current financial year, due to a huge restructuring charge of approximately USD12 billion related to fleet write-downs. The benchmark Nikkei average fell 0.5%.
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