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Japan's No. 2 airline ANA narrows losses

Published: July 30, 2010 2:59 AM
By The Associated Press  

Quick ReadJapan's No. 2 airline ANA cuts quarterly losses to $61 million as passengers increase

(AP) — All Nippon Airways Co., Japan's No. 2 airline, said losses narrowed in the April-June quarter as it slashed costs and benefited from an uptick in international business and tourism travel.

ANA said Friday it had losses of 5.2 billion yen ($60.5 million) during its fiscal first quarter, much improved from 29.2 billion yen in losses for the previous year.

Revenue increased 14 percent...

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