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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  ANA Holdings Inc.    9202   JP3429800000

ANA HOLDINGS INC.

(9202)
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Philippine Airlines plans court protection as pandemic hits finances

11/25/2020 | 04:26am EST

MANILA (Reuters) - Philippine Airlines plans to seek court protection from creditors while it pursues debt restructuring with government help, the finance minister said on Wednesday, as it fights to survive a pandemic that has battered the industry globally.

The loss-making flag carrier, partly owned by Japan's ANA Holdings Inc, informed the ministry of its plans last week but gave no details as to what kind of government assistance it needs, Finance Secretary Carlos Dominguez told reporters.

In a statement, Philippine Airlines said the company and its shareholders were working on a "comprehensive recovery and restructuring plan" that would allow the carrier to emerge from the global crisis.

The airline said it continues to gradually increase domestic and international flights as the market recovers.

Philippine Airlines, which last month announced a reduction of 2,700 jobs, or a third of its workforce, has a fleet of 98 Boeing and Airbus aircraft, 85 of which are leased.

As of end-September, the listed operator of Philippine Airlines reported 198 billion pesos ($4.12 billion) in lease and long-term debts.

Net losses in January to September surged to 28.9 billion pesos, more than three times the 8.5 billion for the same period of last year.

The airline halted operations in mid-March as the country imposed one of the world's strictest and longest coronavirus lockdowns.

Philippine budget carrier Cebu Air Inc last month announced plans to raise roughly $500 million through bonds and shares to ride out the downturn.

(Reporting by Neil Jerome Morales; Editing by Martin Petty amd Elaine Hardcastle)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -0.75% 92.55 Real-time Quote.3.09%
ANA HOLDINGS INC. 0.02% 2282 End-of-day quote.0.22%
CEBU AIR, INC. 0.93% 49.05 End-of-day quote.-2.87%
PAL HOLDINGS, INC. 1.19% 6.78 End-of-day quote.3.51%
THE BOEING COMPANY -2.66% 204.32 Delayed Quote.-1.94%
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More news
Financials
Sales 2021 751 B 7 227 M 7 227 M
Net income 2021 -437 543 M -4 211 M -4 211 M
Net Debt 2021 982 B 9 447 M 9 447 M
P/E ratio 2021 -1,89x
Yield 2021 -
Capitalization 1 052 B 10 131 M 10 121 M
EV / Sales 2021 2,71x
EV / Sales 2022 1,44x
Nbr of Employees 45 849
Free-Float 91,2%
Chart ANA HOLDINGS INC.
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ANA Holdings Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends ANA HOLDINGS INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 2 392,00 JPY
Last Close Price 2 282,00 JPY
Spread / Highest target 22,7%
Spread / Average Target 4,82%
Spread / Lowest Target -16,7%
EPS Revisions
Managers and Directors
NameTitle
Shinya Katanozaka President, CEO & Representative Director
Shinichiro Ito Chairman
Ichiro Fukuzawa Director, Manager-Finance & Investor Relations
Koji Shibata Senior Executive Officer & Head-Group IT
Toyoyuki Nagamine Representative Director & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
ANA HOLDINGS INC.0.22%10 131
DELTA AIR LINES, INC.-0.57%25 393
RYANAIR HOLDINGS PLC-2.80%21 538
AIR CHINA LIMITED-9.67%14 128
UNITED CONTINENTAL HOLDINGS, INC.1.48%12 772
CHINA SOUTHERN AIRLINES COMPANY LIMITED-6.49%12 072