ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Transportation

ANA revises full-year forecast to $880m loss, its second in a row

With borders closed, Japan's leading airline struggles to recover from pandemic

 ANA Holdings fell short of expected traffic during its peak season in the July-September period. (Photo by Akiyoshi Inoue)

TOKYO -- ANA Holdings, the parent company of All Nippon Airways, has revised down its previously announced forecast of a net profit of 3.5 billion yen ($30 million) to a deficit of 100 billion yen ($880 million) for the fiscal year ending March 2022 as the leading airline struggles to recover from the coronavirus pandemic.

ANA is now expected to have operating losses for a second consecutive fiscal year. Although the company sees signs of a recovery in domestic passenger demand, international routes have been hammered, as Japan's borders remain closed.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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