United Kingdom
United States
Asia Pacific
ANA Holdings set to post biggest ever net loss
ANA Holdings Inc. is set to post a record annual net loss and will offload up 30 large jets.
It expects to book a net loss of about 500 billion yen ($4.8 billion).
News outlet The Mainichi reports that the company plans to retire about half of its 59 wide-body jets, which includes the Boeing 777 to cut costs.
The airline has built up its fleet in recent years, buoyed by Japan’s rapid tourism growth and the 2020 Tokyo Olympics.
The Games were postponed this year and there is still some doubt over whether it will go ahead in 2021.
As of June 2020, it had a fleet of 268 planes.
International passenger traffic plunged 96% for the five months through August, the airline said, although the number of domestic passengers has been gradually rising thanks in part to the government’s travel subsidy program.
Written by Ray Montgomery, Asia Editor
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled