ANA Holdings Inc. is expecting to book a record annual net loss of around ¥530 billion and shed up to 30 large jets, accounting for about half of its total, as the coronavirus pandemic batters air travel demand, company sources said Wednesday.

The parent of All Nippon Airways Co., which has withheld an earnings estimate so far this business year, believes it will take some time for demand, particularly for international flights, to recover due to the pandemic, the sources said.

In the run-up to the Tokyo Olympics, initially scheduled for this summer but postponed for one year due to the pandemic, ANA had pursued an expansionary strategy to accommodate more international passengers.