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Japan

Japan's ANA net profit dives 75% as virus hits air travel

TOKYO: Japanese airline ANA Holdings said Tuesday its annual net profit dived 75%, hit by massive falls in demand and cancellations caused by the Covid-19 (coronavirus) pandemic. For the fiscal year to March 2020, the firm logged a net profit of 27.6 billion yen ($258 million), while operating profit tumbled 63.2% to 60.8 billion yen, on sales of 1,974 billion yen, which were down 4.1%.