HIS reduced travel business revenue by 33% in 3Q of FY2020, falling into operating loss of 12 billion JPY
HIS suffered from large decreases in revenue and profits in the third quarter of FY2020 (November 1 2019 to July 31 2020), as the main travel business decreased operating revenue by 32.5% to 3346 billion JPY and fell into operating loss of 12 billion JPY from operating profit of 8.2 billion JPY a year ago.
48 major travel companies in Japan continued suffering from 87% reduction in sales in July 2020, despite gradual recovery in domestic travel
Sales of 48 major travel companies unprecedentedly reduced by 87.4% year on year to 52.2 billion JPY in total in July 2020, but the monthly reduction rate, however, improved from 97.6% in May and 92.9% in June.
HIS continued struggling for a survive from the pandemic crisis, as it considerably reduced transaction volume by 97% year on year to 1,150 million JPY in July 2020.
JAL Group posts net loss of 93.7 billion JPY for the 1st quarter of FY2020, expecting around 40% less full-year passenger revenue
JAL ended the 1st quarter of FY2020 ended Kune 30 2020 with net loss of 93.7 billion JPY due to unprecedented cancellations and reductions of flights amid the COVID-19 crisis, expecting passenger revenue will reduce by 55% to 65% for the full fiscal year.
ANA sinks to net loss of 109 billion JPY for the 1st quarter of FY2021, considerably reducing operating revenue by 76%
ANA Holdings posted operating loss of 159 billion JPY and net loss of 109 billion JPY for the first quarter of FY2021 ending June 30 2020, unprecedentedly reducing both domestic and international passengers under the COVID-19 crisis.
HIS plans to close one-third of all street stores over Japan, putting priority on ensuring liquidity to survive the COVID-19 crisis
When HIS announced half-year financial results for FY2020, it revealed one-third of all street shops will be closed, and puts priority on ensuring liquidity to survive the COVID-19 crisis.
JTB announced large reductions in consolidated sales and profits for FY2019 , hit by COVID-19 in the last quarter, but ensured a surplus of 1.6 billion JPY from loss of 15.1 billion JPY in FY2018.
48 major travel companies in Japan unprecedentedly lost 71% of their sales in March 2020, hit by COVID-19
48 major travel companies were deadly hit by COVID-19 in March 2020, reducing sales of all domestic, overseas and inbound travels. Total sales in FY2019 also resulted in year-on-year reduction.
JAL results in 65% reduction in net profit for FY2019, putting off financial forecast announcement for FY2020
JAL announced its consolidated financial results for FY2019 ended March 31 2020, posting large reductions in revenues and profits due to the unexpected impact of COVID-19 in the fourth quarter.
ANA posts drastic reductions in revenues and incomes for FY2019 ended March 31 2020, damaged by travel restrictions due to COVID-19 in the fourth quarter, and its financial forecast for FY2020 cannot be estimated yet