Japan Airlines, Asia's largest carrier, said Friday it expected a net loss of 34 billion yen (374 million dollars) in the year to March as the global economic crisis hits demand.
JAL scrapped an earlier forecast for a 13-billion-yen annual net profit, blaming a slump in passenger numbers.
It expects an operating loss of 37 billion yen for the year, against a previous projection of 28 billion yen in profit.