All Nippon Airways Co. on Friday announced a consolidated net loss of 9.46 billion yen for fiscal 2001, a reversal from a profit of 40.29 billion yen the previous year.
Japan's second-largest airline blamed the poor showing on the sluggish domestic economy and the September 11 terrorist attacks in New York and Washington.
Consolidated pretax profit declined 97.8 percent to 1.4 billion yen on a 5.9 percent fall in group operating revenues to 1.2 trillion yen.
The number of passengers using ANA's aviation services fell 1.2 percent to 49,305,759 in fiscal 2001 -- 45,795,753 on domestic flights, up 0.6 percent, and 3,510,006 on international flights, down 19.8 percent.
ANA said it plans to forgo dividend payments for the fiscal year, as it did the previous year.
For the current fiscal year, ANA expects to improve its earnings on a pickup in economic activity, projecting a consolidated net profit of 2 billion yen and a pretax profit of 23 billion yen on group operating revenues of 1.27 trillion yen.
But the Tokyo-based company plans to continue not paying dividends for the year.