Japan's biggest airline, ANA Holdings Inc., disclosed Friday that it forecasts a return to profit this business year, bouncing back from a record loss amid expectations that air travel demand will rebound as vaccines contain the coronavirus pandemic.
"Based on data from countries where vaccination has progressed, it appears that the spread of COVID-19 can be contained," ANA said in its earnings release.
For the 12 months to March 2022, ANA forecast operating profit of ¥28 billion after a ¥464.7 billion loss in the last business year. That outlook compares with an average estimated loss of ¥69.4 billion based on forecasts from 10 analysts, Refinitiv data showed.