TOKYO: Japanese airline ANA on Friday forecast an annual net loss and said it would eliminate 9,000 jobs, with travel demand slow to recover as the pandemic drags on.
"While international cargo demand was strong, reduced passenger demand continued globally during the first half of the fiscal year due to a resurgence of COVID-19 cases and the spread of new variants," it said in a statement. The firm plans to reduce its total workforce by 9,000 to around 29,000 through a hiring freeze and natural attrition by March 2026.
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Japan's ANA downgrades full-year outlook despite narrower 1H lossTOKYO : Japan's biggest airline, ANA Holdings Inc, said on Friday a weaker-than-expected first half due to travel curbs meant it now expected to report an operating loss in the current financial year, down from an earlier prediction of a profit.The airline posted a narrower operating loss of 116 billion y
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan's ANA downgrades full-year outlook despite narrower 1H lossTOKYO : Japan's biggest airline, ANA Holdings Inc, said on Friday a weaker-than-expected first half due to travel curbs meant it now expected to report an operating loss in the current financial year, down from an earlier prediction of a profit.The airline posted a narrower operating loss of 116 billion y
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »