TOKYO -- ANA Holdings will reduce costs by 400 billion yen ($3.8 billion) through March 2022 by downsizing its fleet and sending employees to outside companies as the pandemic has it bracing for what would be its worst-ever net loss, 510 billion yen, for the fiscal year through March.
The restructuring plan, announced Tuesday, is intended to bring Japan's flagship carrier back into the black for the next fiscal year despite the virus continuing to dampen demand for international air travel.
