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ANA 'nearly over the worst' of COVID downturn: exec

Japanese airline slices loss helped by cost cuts

Despite prolonged states of emergency in Japan, ANA Holdings managed to increase passenger volume in the April to May period, in particular for domestic flights. (Photo by Wataru Ito) 

TOKYO -- ANA Holdings on Friday posted a net loss of 51.1 billion yen ($466 million) for the April to June quarter, more than halving its 108.8 billion net loss for the same period in 2020, thanks to cost-cutting measures amid lingering COVID-19 woes.

The airline, referring to the swift recovery of its counterparts in the U.S., said the rollout of vaccines is key to attracting passengers, adding that as more people in Japan are vaccinated, people will fly more.

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