The net profit marked a turnaround from
The company's bottom line improvement was also supported by the booking of a deferred tax asset, it said.
Domestic travel demand continued to recover thanks to the absence of COVID travel restrictions in
Speaking at a press conference, President
"We are expecting a positive impact on both our domestic and international operations" from the COVID reclassification, which will ease preventive measures such as limiting the movements of infected individuals and their close contacts, he said.
Demand for domestic flights was at 93 percent of the pre-pandemic level as of the end of March while that of international flights recovered to 54 percent of the 2019 level, ANA said.
For the current fiscal year ending March next year, the company expects its net profit to fall 10.6 percent to
The company expects demand for domestic and international flights to average about 95 percent and 70 percent of their pre-pandemic levels, respectively, for the current business year.
==Kyodo
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