ANA Reaches $1B Quarterly Loss As Revenue Plunges

All Nippon Airways planes
Credit: FlyANA / Twitter
All Nippon Airways’ (ANA) significant cost-cutting efforts have been dwarfed by the massive revenue loss caused by the COVID-19 crisis, resulting in heavy net losses for the June quarter. The carrier fell to a net loss of ¥108.8 billion ($1 billion) for the three months through June 30, its fiscal...

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