Domestic travel sales of 47 travel companies in Japan worsened again to a 65% reduction due to suspension of ‘Go To Travel’ program nationwide
Sales of domestic travel of 47 major travel companies in Japan were down by 38% to 128.1 billion JPY, worsening from a 25.8% reduction in November 2020, due to tentative suspension of Go To Travel’ nationwide amid a re-increase in COVID-19 cases.
KNT-CT, one of the major travel agents in Japan, had liabilities exceeding it’s assets by 3.5 billion JPY in Q3 of FY2020
KNT-CT Holdings announced that it had liabilities exceeding it’s assets by 3.5 billion JPY as of the end of December 2020, sufferring a large scale of cancellations since the the third wave of COVID-19 hit Japan beginning in November.
ANA Holdings ends Q3 of FY2020 with the most loss ever of 309.5 billion JPY, benefiting 34 billion JPY from ‘Go To Travel’
ANA Holdings announced the business results for the first none months of FY2020 ended December 31 2020, posting the most net loss ever of 309.5 billion JPY even though the airline benefitted 34 billion JPY from Go To Travel program. Forecast of net loss of 510 billion JPY for the full year is unchanged.
Domestic travel sales of 47 major travel companies in Japan recovered to a 26% reduction in November 2020, boosted by Go To Travel
Sales of 47 major travel companies reduced by 55.5% year on year to 198.8 billion JPY in total in November 2020, and sales of domestic travel were still down by 25.8% to 193.2 billion JPY, however, the monthly reduction rate improved from 38.7% in October.
Sales of 47 major travel companies in Japan recovered to a 66% reduction in October 2020, boosted by Go To Travel
Sales of 47 major travel companies reduced by 65.7% year on year to 155.6 billion JPY in total in October 2020. Domestic travel were down by 38.7% to 151 billion JPY, improving from from a 62.8% reduction in September, boosted by ‘Go To Travel' that has included Tokyo in October.
Dropping to net loss of 25 billion JPY for FY2020, HIS is forcing through shutdown of 105 retail stores in Japan
HIS will reduce its retail stores in Japan from 259 to 212 in the end of FY2020 and to 154 in Q1 of FY2021, as it posted net loss of 25 billion JPY for the full year of FY2020 ended October 31 2020. Chairman Sawada said “We are trying to regain profit in the latter half of FY2021.”
JTB is cutting 6,500 jobs and cost of 140 billion JPY to survive the COVID-19 crisis, posting record-high half-year deficit
Posting record-high half-year deficit due to COVID-19, JTB is cutting 6,500 jobs and cost of 140 billion JPY and shutting 25% of all retail stores in Japan (115 stores) to survive the ongoing crisis and also is leveraging the domestic dynamic package business.
ANA drastically transforms its business model to survive the crisis, launching a new LCC for middle-range international services
ANA has decided to transform its business model drastically to survive the today's crisis, launching a new LCC brand for middle-range international services and building a new platform business by dividing ANA Sales. Final net loss for FY2020 ended March 31 2021 is expected to reach 510 billion JPY.
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