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Loss-hit Asian airlines rush to cut assets for faster turnarounds

ANA and JAL seen sturdy while Garuda and Thai vulnerable over negative net worth

Cathay Pacific Airways jetliners parked at Hong Kong International Airport. Asian airlines are positioning themselves to climb back to profitability as soon as the world beats back the viral scourge.   © Reuters

SINGAPORE -- Asia's major airlines are restructuring their operations and bolstering their finances to smooth the way for a return to profitability or at least gain some resilience amid a pandemic that shows no sign of letting up.

In the latest batch of financial results released through last week, most of the region's largest airlines by market value reported big net losses for the July-September quarter, with Singapore Airlines reporting a record loss of 2.34 billion Singapore dollars ($1.73 billion).

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