July 29, 2020

Japan’s ANA logs record quarterly $1bn loss on pandemic

Tokyo (AFP) – Japanese airline ANA Holdings said Wednesday it saw a record quarterly loss worth one billion dollars as the coronavirus continues to hammer the global aviation industry with no clear end in sight.The company said its net loss during the April-June period came to 108.8 billion yen ($1.04 billion), its worst three-month return since it began issuing quarterly financial figures in 2003 and a sharp fall from 11.4 billion yen in profit a year ago.Its operating loss reached 159.0 billion yen, compared with an operating profit of 16.2 billion yen a year ago, with sales of 121.6 billion…

source https://this.kiji.is/en/661108292915381345?c=648607265489716321

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