ANA to suffer 1,51 billion dollar loss

ANA Holdings, All Nippon Airways’ parent company, suffered a 1,51 billion dollar loss over the second quarter of 2020.

The 1.51 billion dollar loss is in sharp year-on-year contrast, as ANA Holdings reported a 153 million dollar loss over the same period in 2019. All Nippon Airways faced the largest international commercial aviation revenue drop. As for ANA’s domestic network, revenue shrinked by 86.5 percent as the airline carried just 1.28 million passengers.

Revenue for ANA’s international network dropped by 94 percent to just 90 million dollars. The airline transported a mere 91,000 passengers; a year-on-year decrease of 96 percent. In May, April and June, ANA Holdings’ revenue loss also tumbled. Compared to last year, 76 percent less revenue was generated over this year’s second quarter. Meanwhile, expenses for Q2 saw a 42 percent year-on-year drop.