Business Climate: Year and Release Earnings

business climate: JAL is scheduled to release earnings for the fiscal first half through September on Friday, according to The Japan Times. The expected loss marks a sharp deterioration from 53.41 billion in profit last fiscal year and follows a dismal forecast by its domestic rival ANA Holdings Inc. for this fiscal year. JAL expects it will take time for international air travel demand to recover as long as strict border controls remain in place amid the coronavirus pandemic, the sources said. ; The airline has not provided its forecast for the current fiscal year to March 2021, as the spread of the virus has left the business climate uncertain. The parent company of All Nippon Airways Co. said Tuesday it expects a record net loss of 510 billion for the year to March 2021. The airline is considering raising as much as 300 billion in capital to strengthen its financial standing, according to people close to the matter. JAL introduced new accounting standards, starting in the current business year. (news.financializer.com). As reported in the news.