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Japan's ANA to post half-year loss

Japan's ANA to post half-year loss

Japanese carrier All Nippon Airways (ANA) is expected to book an operating loss of about US$273 million for the six months to September due to weak demand, a report said yesterday.
ANA's operating loss for the April-September period likely reached some 25 billion yen, reversing a year-earlier profit of 49.8 billion yen, the Nikkei business daily said without naming its sources.
It would be the first time for Japan's second largest carrier to suffer an operating loss in the first half of its financial year since it began publishing interim group earnings in 2000.
ANA logged an operating loss of 42.4 billion yen in the three months to June as the global recession and swine flu worries scared away passengers.
Half-year sales likely tumbled 20 percent from a year earlier to about 600 billion yen, the Nikkei said.
ANA, however, is still in much better health than its bigger rival Japan Airlines (JAL), which is restructuring under supervision of a government-appointed team and seeking another public bailout.
ANA declined to comment on the report. The company is to release interim results tomorrow.


Updated : 2021-03-05 22:34 GMT+08:00