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The phrase "a loss" is correct and usable in written English.
You can use it to refer to a situation in which something has been lost or diminished. For example, "The company suffered a loss of more than $5 million last quarter."
Exact(58)
"A loss is a loss," he said.
"I'm at a loss".
What a loss!
Sometimes it's a loss".
"It's a loss.
A loss more devastating.
Is it a loss?
That's a loss.
It is a loss.
"It's a loss," he said.
Similar(1)
They had expected a loss.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com