Japan Airlines Corp., the biggest airline in Asia, has reported a third consecutive loss of $1 billion for the April-June quarter.

JAL held decline in ticket sales due to fears of swine flu and weak economy responsible for the loss.

The company said it suffered a net loss of 99 billion yen or $1 billion, much greater than 3.4 billion yen loss in the previous year.

Sales dropped 32% to 334.9 billion yen.

JAL has plans to slash two routes and a number of weekly flights to incise costs by 53 billion yen during the running fiscal year.

Company's domestic and international sales dropped by 13% and 17% respectively.

The company has projected revenue of 1.75 trillion yen and overall net loss of 63 billion yen for the current fiscal year.

Senior vice president of the company, Yoshimasa Kanayama said, "We can still make up for (the bigger than expected net loss) in the remaining three quarters."

In the recent trading, Japan Airlines' shares dropped 1.2% to 166 yen.