ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

ANA to slash summer bonuses 50% as passenger traffic dwindles

Japan's largest airline expects to save $65m through the move

ANA employees will see about a 5% cut in compensation due to the move.    © Reuters

TOKYO -- All Nippon Airways will cut summer bonuses for rank-and-file employees by 50% in 2020 to cope with plummeting air traffic, it was learned Friday.

Japan's largest carrier recently presented the plan to the company's labor union. Other companies in the group also plan to the slash payments, a move that is expected to save the entire group 7 billion yen ($65 million). As the coronavirus pandemic depresses demand for air travel, the carrier aims to reduce labor costs.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more