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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Japan Airlines Co., Ltd.    9201   JP3705200008

JAPAN AIRLINES CO., LTD.

(9201)
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Shares of Japan's ANA drop on report airline plans to raise $1.9 billion

11/23/2020 | 11:32pm EST
FILE PHOTO: A Japan Airlines (JAL) aircraft takes off near All Nippon Airways (ANA) aircrafts at Haneda Airport in Tokyo

TOKYO (Reuters) - Shares of ANA Holdings Inc fell as much as 4.2% on Tuesday after a report said Japan's biggest airline plans to issue new shares, seeking to raise around $1.9 billion, as early as this week.

ANA will hold its first share sale since 2012, Reuters reported on Saturday, citing two sources who declined to be identified as the information was not public.

The issuance is expected to raise around 200 billion yen ($1.9 billion), one of the sources said.

In a statement on Tuesday, the airline said nothing had been decided on a new share sale.

Airlines worldwide are struggling to survive the COVID-19 pandemic that has brought the travel industry to a halt. Although Japan has not been hit as hard as the United States and Europe, its travel industry is suffering.

ANA has forecast a record operating loss of $4.82 billion for the year to end-March and is temporarily transferring more than 400 workers to other companies. Other staff are being asked to take pay cuts or go on unpaid leave.

ANA's stock was down 1.9% by 0336 GMT, compared to a 2.8% rise in the benchmark Nikkei 225 Stock Average, as trading resumed after a long weekend.

Domestic rival Japan Airlines Co Ltd said earlier this month it would raise $1.8 billion in a share sale to strengthen its finances.

(Reporting by Rocky Swift and David Dolan; Editing by Sherry Jacob-Phillips and Vinay Dwivedi)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANA HOLDINGS INC. 0.02% 2282 End-of-day quote.0.22%
JAPAN AIRLINES CO., LTD. 0.21% 1892 End-of-day quote.-5.16%
NIKKEI 225 -0.62% 28519.18 Real-time Quote.3.92%
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More news
Financials
Sales 2021 533 B 5 130 M 5 130 M
Net income 2021 -250 872 M -2 414 M -2 414 M
Net Debt 2021 147 B 1 411 M 1 411 M
P/E ratio 2021 -3,07x
Yield 2021 -
Capitalization 827 B 7 966 M 7 957 M
EV / Sales 2021 1,83x
EV / Sales 2022 0,86x
Nbr of Employees 35 653
Free-Float 95,6%
Chart JAPAN AIRLINES CO., LTD.
Duration : Period :
Japan Airlines Co., Ltd. Technical Analysis Chart | 9201 | JP3705200008 | MarketScreener
Technical analysis trends JAPAN AIRLINES CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 2 312,50 JPY
Last Close Price 1 892,00 JPY
Spread / Highest target 32,1%
Spread / Average Target 22,2%
Spread / Lowest Target 0,42%
EPS Revisions
Managers and Directors
NameTitle
Yuji Akasaka Executive President & Representative Director
Yoshiharu Ueki Chairman
Takahiro Abe Executive Officer & General Manager-Operations
Toshiki Oka Executive Officer & GM-IT Planning
Hideki Kikuyama Representative Director
Sector and Competitors
1st jan.Capitalization (M$)
JAPAN AIRLINES CO., LTD.-5.16%7 966
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AIR CHINA LIMITED-9.67%14 128
UNITED CONTINENTAL HOLDINGS, INC.1.48%12 772
CHINA SOUTHERN AIRLINES COMPANY LIMITED-6.49%12 072