48 major travel companies in Japan unprecedentedly lost 71% of their sales in March 2020, hit by COVID-19
48 major travel companies were deadly hit by COVID-19 in March 2020, reducing sales of all domestic, overseas and inbound travels. Total sales in FY2019 also resulted in year-on-year reduction.
JAL results in 65% reduction in net profit for FY2019, putting off financial forecast announcement for FY2020
JAL announced its consolidated financial results for FY2019 ended March 31 2020, posting large reductions in revenues and profits due to the unexpected impact of COVID-19 in the fourth quarter.
ANA posts drastic reductions in revenues and incomes for FY2019 ended March 31 2020, damaged by travel restrictions due to COVID-19 in the fourth quarter, and its financial forecast for FY2020 cannot be estimated yet