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January, 22, 2017

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ANA says annual net profit nosedives by more than half to US$185 million

TOKYO--The operator of Japan's All Nippon Airways said Wednesday that its fiscal year net profit nosedived by more than half to US$185 million, blaming high fuel costs for shrinking its bottom line.

ANA Holdings earned 18.89 billion yen in the year to March, down about 56 percent from 43.14 billion yen a year ago, while revenue came in at 1.60 trillion yen, up from 1.48 trillion yen in the previous 12 months.









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