Mazda Reports Quarterly Slump As 2020 Recovery Sets In

Mazda reports quarterly slump as 2020 recovery sets in

TOKYO — Mazda on Thursday posted a 7.59 billion yen ($73.4 million) operating loss in the three months ended Sept 30 as sales contracted amid the coronavirus pandemic.

The loss, calculated by Reuters from the company's half-year result, compares with an 18.9 billion profit in the same quarter last year and a 45.3 billion yen loss in the first three months of the business year, which was its worst in quarter in 11 years.

Special Flight Offered Amid Slump Travel

Special flight offered amid slump travel

Dozens of people in northern Japan enjoyed a special sightseeing flight on Sunday, amid the slump in air travel brought on by the coronavirus pandemic.

Japan Airlines organized the flight together with the Yamagata prefectural government and a travel agency.

Restaurants In Japan Report Sales Slump In June

Restaurants in Japan report sales slump in June

Sales at major restaurant chains across Japan contracted by double digits in June, the first month after the government lifted the coronavirus-related nationwide state of emergency.

The Japan Food Service Association says revenue was 21.9 percent lower than in the same month last year. It was the fourth consecutive month of a year-on-year drop, though the margin was less than in April or May when the emergency declaration was in place.