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Tokyo, Apr 30 (EFE).- Japanese carrier All Nippon Airways Friday posted a record net loss of more than 405 billion yen ($3.7 billion) for the pandemic-struck financial year that ended on Mar.31.
But parent group of the airliner, ANA Holdings, predicted that it would return to profitability in fiscal 2021 until Mar.31, 2022.
For the last fiscal year, ANA said it suffered an operating loss of 464.77 billion yen as sales plunged over 62 percent to 728.68 billion yen.
The company had recorded a net profit of 27.6 billion yen and an operating profit of 60.8 billion yen in fiscal 2019.
“The global airline industry has faced an unprecedented contraction as a result of diminished passenger demand caused by immigration restrictions and stay-at-home orders in many countries,” the company said in a statement.