URGENT: ANA eyes 100 bil. yen net loss for FY 2021, expected net profit

Economy

ANA Holdings Inc. said Friday it expects a net loss of 100 billion yen ($880 million) for the year through March, rather than the 3.5 billion yen net profit projected earlier, as a recovery in air travel demand hurt by the COVID-19 pandemic has been delayed. The parent of All Nippon Airways Co. reported a record net loss of 404.62 billion yen in fiscal 2020 as the major Japanese airline struggled to cope with evaporating travel demand.

Kyodo News

Kyodo News