ANA to book record annual loss, shed half of large jets due to virus

TOKYO - ANA Holdings Inc. is expecting to book a record annual net loss of around 530 billion yen ($5 billion) and shed up to 30 large jets, accounting for about half of the total, as the coronavirus pandemic batters air travel demand, company sources said Wednesday.The parent of All Nippon Airways Co., which has withheld an earnings estimate for the current business year through March, believes it will take some time for demand, particularly for international flights, to recover due to the pandemic, the sources said.In the run-up to the Tokyo Olympics, initially scheduled for this summer …READ FULL ARTICLE