ANA reports return to profit first time in three years

ANA Holdings recorded $897.6 million operating profit for the 12 months ended March 31. The airline had reported a 173.1-billion-yen operating loss in the previous year. This is the airline’s first annual profit in the last three years. The airline has attributed the strong comeback to recovering travel demand in domestic as well as international market post-pandemic. The company said its operating profit was expected to improve further this year. The full-year results came after the company revised its guidance on Friday, lifting its profit estimate by around 26% to 120 billion yen, citing lower fuel prices and a stronger yen. For