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Japan's ANA to post worst-ever net loss of $4.74bn

Airline suffers sharp decline in passengers due to pandemic

ANA aircraft at Narita Airport.

TOKYO -- ANA Holdings, parent company of All Nippon Airways, expects to post its worst-ever net loss of 500 billion yen ($4.74 billion) for fiscal 2020 as it suffers from a sharp decline in passengers due to the coronavirus pandemic, Nikkei learned on Wednesday.

With weak demand for air travel persisting, ANA will record an impairment loss on its large aircraft. ANA had previously declined to make a full-year earnings forecast due to the uncertain outlook, but it will announce its forecast next Tuesday.

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