29-Oct-2009 12:40 PM
ANA first 1H loss expected; SIA and Air Arabia believe it is too early to pronounce a recovery
Analysis
All Nippon Airways' shares were up 0.8% yesterday, despite reports in the Nikkei Business Daily that the carrier is expected to report an operating loss of approximately JPY25 billion (USD276 million) for the six months to Sep-2009, reversing a profit of JPY49.8 billion (USD549 million) in the previous corresponding period, due to weak demand.
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