Open

Coming up

Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

Coverage of the third plane crash in one week - from France, Algeria and Burkina Faso

Read more

IN THE PAPERS

Coverage of the plane crash that took 116 lives - almost half of them French

Read more

DEBATE

Gaza: A Truce At All Costs?

Read more

AFRICA NEWS

Central African Republic: Brazzaville ceasefire talks deliver fragile deal

Read more

FOCUS

Sluggish tourist season in Crimea

Read more

ENCORE!

Bartabas : Mixing Christ with Spanish music and dancing horses

Read more

IN THE PAPERS

Shifts in the propaganda war waged between Israelis and Palestinians

Read more

IN THE PAPERS

French MPs face quandary in pro-Palestinian rallies

Read more

THE INTERVIEW

Yezid Sayigh, Senior Associate at the Carnegie Middle East Center in Beirut

Read more

  • Live: ‘No survivors’ from Algerian plane crash, says Hollande

    Read more

  • French families grieve for Algerian plane crash victims

    Read more

  • Protest against Gaza offensive turns deadly in West Bank

    Read more

  • Ukraine names acting PM after Yatseniuk's shock resignation

    Read more

  • Deadly strike on UN shelter in Gaza Strip

    Read more

  • Wreckage of Algeria plane found in Mali

    Read more

  • BNP to pay $80 million for defrauding Dept of Agriculture

    Read more

  • Pope meets Christian woman sentenced to death in Sudan

    Read more

  • Air Algérie crash: 'We should eliminate the missile hypothesis'

    Read more

  • Italy’s Nibali cruises to victory in 18th stage of Tour de France

    Read more

  • Iraqi parliament elects moderate Kurd as president

    Read more

  • US, European agencies lift travel restrictions to Tel Aviv

    Read more

  • No end to fighting until Israel ends Gaza blockade, Hamas says

    Read more

Business

All Nippon Airways posts first loss in six years

Latest update : 2009-04-30

In a reminder that the global crisis is still affecting Japanese firms, Japan's second biggest airline, All Nippon Airways, has announced its first annual net loss in six years, totalling 4.26 billion yen ($44 million), due to falling demand.

AFP - All Nippon Airways, Japan's second-largest carrier, announced Thursday its first annual loss in six years as the global economic downturn depresses demand for air travel.

 

ANA posted a net loss of 4.26 billion yen (44 million dollars) for the financial year to March. The previous year it had logged 64.1 billion yen in profit, boosted by the sale of its hotels.

 

For the current year, ANA forecast a net profit of 3.0 billion yen.

 

"2008 was a disastrous year for business in general, with airlines around the world hit by the lack of consumer confidence and commercial activity, and ANA was no exception," said company vice president Tomohiro Hidema.

 

"While we expect the recession to continue, leaving us in an operating environment the likes of which we have never seen before, we will push on with initiatives to increase demand and reduce costs, so that we can ride out the worst and engineer a return to the black," Hidema said.

 

Date created : 2009-04-30

COMMENT(S)