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ANA Holdings braces for biggest-ever net loss of 510bn yen

Japan Airlines (JAL) and All Nippon Airways (ANA) passenger planes are parked on the tarmac at Tokyo's Haneda airport on April 28, 2020. (AFP)
Japan Airlines (JAL) and All Nippon Airways (ANA) passenger planes are parked on the tarmac at Tokyo's Haneda airport on April 28, 2020. (AFP)
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27 Oct 2020 04:10:34 GMT9
27 Oct 2020 04:10:34 GMT9

TOKYO: ANA Holdings Inc. said Tuesday it expects to report its biggest-ever consolidated net loss of 510 billion yen in the current business year through March 2021, hurt by a plunge in travel demand amid the coronavirus pandemic.

The parent company of major Japanese carrier All Nippon Airways, will take in 400 billion yen of subordinated loans, part of which can be counted as capital, to improve its balance sheet.

JIJI Press

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