Japan's ANA Holdings faces uphill battle to lift valuation

Aviation group bets on international travel to propel post-COVID ambitions

20240916N ANA

All Nippon Airways parent ANA Holdings is adding new international routes to Europe and elsewhere in a bid to lift profit. (Photo by Kosaku Mimura)

AKINORI KAMATA, Nikkei staff writer

TOKYO -- Japanese aviation group ANA Holdings has set an ambitious goal of raising its stock price to double its book value for the first time in over a decade, though the financial blow from COVID-19 and large-scale investments stand in the way.

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