Japan Airlines (JAL) now expects to record a net loss of ¥300 billion ($2.9 billion) for 2020 after its hopes for traffic recovery in the current quarter were dashed by a resurgence of COVID-19 cases in the country.
Creditors of HNA Group, parent of multiple Chinese airlines including the country’s largest private carrier Hainan Airlines, filed an application to a Chinese court to place the company in bankruptcy Jan. 29.