top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Market

11 Nov 2021

Japanese Airline ANA asks Govt to Ease Travel amid Declining Infection Rates

The Index Today

ANA Holdings, Japan's largest airline company has asked the government to reduce covid restrictions and allow for more oversea travelers. The firm is hoping for an increase in airline travel to boost domestic tourism. Japan is currently seeing a decline rate in covid infections after a peak of over 20,000 in August.

Currently, less than 200 coronavirus cases are recorded every month. Shinya Katanozaka, chief executive of ANA Holdings said, “When we are able to make money we should be allowed to. It will give us strength to weather things in the future.”

Previous restrictions implemented to curb the deadly coronavirus led to 95% decline in passengers on its international flight routes, negatively impacting profits. Many subsidy programs for hotels and airlines companies were paused to allow ANA Holdings other Japanese airlines increase passenger numbers and boost domestic flights. ANA Holdings had to restructure its operating loss forecast for the year to 125 billion yen.

The Japanese government may restart the subsidy plans as early as next month and ease border restrictions for overseas visitors. It is expected that entry limits for passengers arriving from overseas destinations may be increased to 3,500 a day.

©Photo: skytraxratings.com

Clay pottery with table linens
bottom of page