TOKYO: Japanese airline ANA Holdings on Monday slashed its annual net profit forecast by 71 per cent over massive falls in demand and major cancellations caused by the coronavirus pandemic.
For the past fiscal year to March 2020, the firm said it now expects a net profit of ¥27 billion , down from an earlier projection of ¥94 billion.Operating profit is now seen at 60 billion yen, compared with an earlier expectation of ¥140 billion. Sales are now projected to fall to ¥1,970 billion, compared with ¥2,090 billion.
But the pandemic has forced the Games to be delayed by a year and severely damaged Japan's tourism sector, while many countries have cancelled or limited international and domestic travel. The announcement was made shortly after Tokyo's Stock Exchange closed. Shares in ANA ended 0.47 per cent higher at ¥2,483.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Doping: USADA tries 'virtual' testing amid Covid-19 pandemicLOS ANGELES (AFP) - The US Anti-Doping Agency (USADA) has come up with a novel random testing programme to cope with the unique circumstances of the coronavirus pandemic.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
USADA tries 'virtual' testing amid COVID-19 pandemicThe US Anti-Doping Agency has come up with a novel random testing program to cope with the unique circumstances of the coronavirus pandemic.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
COVID-19 pandemic highlights importance of strengthening Singapore's food security, say expertsSINGAPORE: From growing rice at sea to turning to microalgae as an alternative protein source - these are some of the ways Singapore could boost ... Agreed!! The Security of the country must be enhanced and this COVID-19 has shown us the shortcomings and our over dependence on global supplychains. Let's not forget 30 years ago we set out to eradicate all our food security by closing down almost every type of farm and demeaning these jobs so that no young man going to ns know how to dig a hole because they never touch a changkol in their lives.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Sandra Oh Struggling With Creativity During COVID-19 Pandemic
Source: TODAYonline - 🏆 1. / 99 Read more »
Hungry, jobless Americans turning to food banks to survive COVID-19 pandemicAmerican families slammed by the coronavirus pandemic are turning more and more to food banks to get by, waiting hours for donations in lines of ... When you have a top heavy distribution of wealth, you get to see third world scenarios in a 'first' world country.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Indian labourers stuck in COVID-19 pandemic camps long to go homeNEW DELHI, India: Tens of thousands of stranded labourers have been herded into camps and shelters across India like the Yamuna sports complex in ... Many migrants struck in Singapore dormitories too. please help them.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »