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ANA halves quarterly loss on cost cuts and cargo demand

Full recovery remains distant for Japan carriers focused on international travel

ANA Holdings appears headed for its smallest operating loss since January-March 2020, when the coronavirus began to spread globally.   © Reuters

TOKYO -- ANA Holdings likely cut its operating loss by half for the April-June period to about 75 billion yen ($680 million), Nikkei has learned, as cost-cutting efforts and strong demand for airfreight begin to lift the group out of a coronavirus-induced downturn.

The Japanese airline group, which operates All Nippon Airways, faces a sixth straight quarter of losses. But the April-June figure would be the smallest since January-March 2020 when the coronavirus first spread worldwide, signaling that the worst of ANA's troubles may be over.

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