ANA Swings Profit While JAL Posts Smaller Loss as Asian Travel Recovery Picks Up

Edward Russell
August 1st, 2022 at 12:07 PM EDT

All Nippon Airways was back in the black with Japan Airlines not far behind as the travel recovery accelerated during the June quarter.

ANA posted a ¥1.1 billion ($8.3 million) net profit on ¥350 billion in revenues in the quarter, the airline reported Monday. JAL, on the other hand, posted a ¥19.5 billion net loss on ¥269 billion in revenues during the period. But the trend is clearly up.

Both airlines reported a pick up in passenger numbers, both domestically and internationally, as travel restrictions eased during the three months ending in June. This help

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