ANA to report record ordinary loss

ANA Holdings is expected to report a record ordinary loss for the nine months ended Dec. 31 due to the impact of the coronavirus pandemic, informed sources said Tuesday. The Japanese airline is believed to have swung to a consolidated ordinary loss of over Y300b in the April-December period from a profit of Y122.5b a year before. The ANA parent is scheduled to post its April-December results on Jan. 29. The number of passengers on ANA’s international flights in the October-December quarter fell over 90% from a year earlier due to pandemic-related travel restrictions. For domestic flights, the number of passengers recovered in November to some 50% of the year-before level thanks to the Japanese government’s Go To Travel tourism promotion initiative. But the figure fell to some 40% toward the end of the year due to the suspension of the program following a resurgence of the virus. Its financial estimates released in October called for an ordinary loss of Y500b and a net loss of Y510b for the full year ending in March.<br/>