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ANA expects to return to profit next year after US$3.7billion loss in fiscal 2021
April 30th 2021
ANA HOLDINGS INC. (ANA HD), the parent company of All Nippon Airways (ANA), today reported a net loss of 404.6 billion yen (US$3.7 billion) for the 12 months to March 31, 2021, slumping into the red from a net profit of 27.7 billion yen a year ago. Read More » Operating revenue fell 63.1%, to 728.7 billion yen, ANA HD said in a regulatory filing but it also predicted a return to profit. Net profit could climb to 3.5 billion yen for the 12 months to March 31, 2022, it said.
"Now that we see the light at the end of the tunnel, ANA HD is in a position to meet rising demand by providing safe, reliable and convenient travel options at the same level of customer experience we are recognized for," ANA HD executive vice president and chief financial officer, Ichiro Fukuzawa, said. "We are forecasting a return to profit for the fiscal year of 2021 and are confident the actions we took during this past year will guide us."
