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Bloomberg
Japan’s major airlines are on track to see revenue drop by $4.6 billion from February through May, an industry group said, pushing ANA Holdings Inc and Japan Airlines Co closer to the crisis ensnaring other global carriers because of the coronavirus pandemic.
Scheduled Airlines Association of Japan’s forecast amplifies its warning from from March 13, when it predicted losses of more than 400 billion yen.
Unlike many nations, Japan has avoided shutting down its economy thanks to having the lowest infection rate among the G7 rich countries. All told, the global airline industry could see revenue fall by $252 billion this year due to the crisis, according to the International Air Transport Association.