ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Companies

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more