Japanese airline ANA Holdings said Wednesday it saw a record quarterly loss worth one billion dollars as the coronavirus continues to hammer the ...
Japanese airline ANA saw a record quarterly loss as the coronavirus continues to hammer the global aviation industry. TOKYO: Japanese airline ANA Holdings said Wednesday it saw a record quarterly loss worth US$1 billion as COVID-19 continues to hammer the global aviation industry with no clear end in sight.
"Passenger demand for both international and domestic flights declined significantly, due to worldwide government travel restrictions and the declaration of the state of emergency from the Japanese government," Ichiro Fukuzawa, chief financial officer of ANA Holdings, said in a statement."While we aggressively worked to offset lost revenue by catering to the increased demand for international cargo transportation ...
The remaining services were used mainly to repatriate Japanese nationals from abroad, and to let others leave for foreign countries.ANA has managed to bring domestic passenger flights in June up to about 25 per cent of the level seen a year ago as the Japanese government pushes to reopen the economy.
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