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Japanese airline ANA raises full-year loss estimate

All Nippon Airways’ (ANA) planes are seen at Haneda airport in Tokyo February 14, 2014. REUTERS/Yuya Shino

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April 22 (Reuters) – Japanese airline ANA Holdings Inc (9202.T) lifted on Friday its full-year working loss estimate to 175 billion yen ($1.37 billion) from 125 billion yen beforehand as a result of home and worldwide income had failed to fulfill its expectations.

The airline, which ended its monetary 12 months on March 31, cited the affect of the Omicron variant of the coronavirus within the fourth quarter, continued border restrictions and rising gasoline prices among the many components affecting its estimate.

Rival Japan Airways Co Ltd (9201.T) stated final week it anticipated to report a wider full-year loss than its prior forecast for comparable causes.

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Within the third quarter, ANA had shocked the market with a small working revenue, its first for the reason that begin of the pandemic, because it benefited from value cuts and report cargo income. learn extra .

ANA stated on Friday that worldwide cargo income had remained sturdy throughout the fourth quarter.

($1 = 127.8200 yen)

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Reporting by Jamie Freed in Sydney; Enhancing by Muralikumar Anantharaman

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