All Nippon Airways (ANA) saw its first-quarter net profit decline 29% to ¥11.4 billion ($104.9 million), compared to ¥16.1 in the year-ago period, partly as a result of higher costs as the airline prepares for a growth phase in 2020. ANA Holdings said net profit for the quarter ending June 30 was “generally in line” with its outlook released in April. As a result, the company has not changed its forecast of a ¥108 billion net profit for the full fiscal year through ...

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