(Update) Japan Airlines Expects Bigger Group Losses in FY '03.

(From Jiji)

Tokyo, March 10 (Jiji Press)--Japan Airlines System Corp. said Wednesday it now sees a worst-ever group net loss of 89 billion yen for the current business year to March 31, bigger than 65 billion yen previously estimated.

The major Japanese airline also revised down its consolidated recurring loss forecast to 75 billion yen from 50 billion yen, and its revenue projection to 1,956 billion yen from 1,975 billion yen.

Japan Airlines attributed the downward revisions to a drop in international flight passengers in the January-March quarter amid concern over continued terrorist attacks, severe acute respiratory syndrome and the outbreak of …