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ANA returns to profitability but outlook for 2011 is murky

Analysis

Japan's All Nippon Airways (ANA) has reported profits for FY2010 (ended 31-Mar-2011), returning to the black after net losses in FY2008 and FY2009. But impact from the 11-Mar-2011 earthquake resulted in the group falling short of its forecast operating profit for FY2010 and is creating uncertainty in its outlook for FY2011.

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