ANA sheds quarter loss; riders up

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 during its fiscal first quarter, much improved from ¥29.2 billion in losses for the previous year.

Revenue increased 14 percent during the three-month period to ¥306.8 billion.

Income from its domestic business, which accounts for the bulk of its income, remained strong as passengers increased about 6 percent from a year earlier.

ANA's international flights showed a strong recovery in quantity and prices, with revenues up 46 percent on a 26 percent increase in passengers.