All Nippon Airways (ANA) Holdings’ net profit dropped sharply in the quarter ending June 30, although the carrier still expects to achieve its profit target for the full year. ANA group reported a net profit of ¥16.1 billion ($144 million) for its fiscal first quarter, down 68.5% from the same period a year earlier. However, the comparison was affected by a large one-off gain from the inclusion of Peach as a group subsidiary in the previous fiscal year. Operating profit decreased ...

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