ANA Group has reported a loss of ¥280.9bn (approx. $2.7bn) for the six months ended Sept. 30, 2020. Operating revenue during the period fell by 72.4% to ¥291.8bn. The net loss attributable to owners of the parent company was ¥188.4bn due to the recording of a ¥76bn deferred tax asset. ANA implemented cost reduction measures of ¥333bn by decreasing fixed expenses, in addition to reducing variable expenses by curbing the scale of operations. Despite the loss, ANA has seen improvement during the past quarter. Ichiro Fukuzawa, executive vice president and chief financial officer of ANA Holdings, said: “Compared with the
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