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ANA expected to post USD103m operating loss in Jun-2011 quarter

29-Jul-2011 10:44 AM

All Nippon Airways (ANA) reportedly posted an JPY8 billion (USD103 million) operating loss in the three months ended 30-Jun-2011 amid reduced domestic demand in the aftermath of the 11-Mar-2011 earthquake and tsunami and ensuing nuclear concerns (The Nikkei, 28-Jul-2011).  The carrier reported a JPY2.9 billion (USD37.3 million) profit in the Jun-2010 quarter, following a loss in the same period of 2009. Revenues, meanwhile, are expected to stand at JPY300 billion, similar to 2010 levels. Domestic traffic declined 15% to 8.2 million in the period. Domestic traffic accounts for around half of the carrier's air transportation business. International passengers, meanwhile increased 4% amid a recovery in business travel demand to Europe and the US.