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ANA's 2Q returned to profitability first time in three years

ANA Holdings (ANA/NH) announced its consolidated financial results for the second quarter of the fiscal year ending March 31, 2023. Cargo revenues from international flights were 183.5 billion yen (+32.6% YoY), a record high for the second quarter. The main factor was the maintenance of high air cargo freight rates, which have remained at a high level since the start of the new coronavirus outbreak. Overall performance recovered profitability for the first time in 3 years for the second quarter.

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