• Staff report

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All Nippon Airways Co. said Wednesday it returned to the black in the October-December quarter due to cost-cutting efforts and higher fares.

The carrier reported a group net profit of 6.9 billion yen for the period, reversing a net loss of 6.1 billion yen a year earlier. Operating profit surged 111 percent to 16.4 billion yen, and sales grew 2.8 percent to 313 billion yen.

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