Japanese airline ANA raises full-year loss estimate

div classBodysc17zpet90 cdBBJodivpReuters – Japanese airline ANA Holdings Inc lifted on Friday its fullyear operating loss estimate to 175 billion yen 1.37 billion from 125 billion yen previously because domestic and international revenue had failed to meet its expectations.p

pThe airline, which ended its financial year on March 31, cited the impact of the Omicron variant of the coronavirus in the fourth quarter, continued border restrictions and rising fuel costs among the factors affecting its estimate.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pRival Japan Airlines Co Ltd said last week it expected to report a wider fullyear loss than its prior forecast for similar reasons.p

pIn the third quarter, ANA had surprised the market with a small operating profit, its first since the start of the pandemic, as it benefited from cost cuts and record cargo revenue.. p

pANA said on Friday that international cargo revenue had remained strong during the fourth quarter.p

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