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Hit by pandemic, Japan's ANA to suffer $4.8 billion net loss this year

Japanese airline operator ANA Holdings is expected to suffer a net loss of around 500 billion yen ($4.8 billion) for the fiscal year to March after the COVID-19 pandemic battered travel demand, a source with direct knowledge said on Wednesday. Forecast to book its biggest loss, Japan's largest airline has turned to billions of dollars in loans and a government tourism campaign to weather the slump in air travel, and could take advantage of accounting rules to avoid aircraft writedowns. As… ( More...

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