 The airline is cutting a number of routes in an attempt to cut costs |
Japan Airlines (JAL) has reported a full-year operating loss after being hit by safety issues, a rise in fuel costs and increased competition. JAL reported a group operating loss of 26.83bn yen ($241.5m; �130m) in the year ended in March, compared with a 56.15bn yen profit a year earlier.
It has struggled to cut costs, and safety problems have hit its image leading customers to defect to rivals.
Last year a JAL flight flew with an engine reverse thruster wrongly set.
JAL has been dropping unprofitable routes and focusing on more lucrative business flights, but this move has been nullified by soaring fuel prices.
The carrier leads Asia's airlines by revenues but is fourth in market value, behind Singapore Airlines, All Nippon Airways and Cathay Pacific.