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Slower return to profit may prompt ANA to sell assets: CEO

Pickup in demand, cost cuts indispensable to move back into black

ANA sees signs of a recovery in domestic passenger demand since the government lifted its coronavirus states of emergency.

TOKYO -- ANA Holdings is at a turning point. Can the Japanese airline climb back into the black in the next fiscal year through March 2023, after the prolonged COVID-19 pandemic upended its plans?

ANA will need to "take further steps" unless an improvement in the business environment emerges, CEO Shinya Katanozaka said in a recent interview with Nikkei, suggesting the holding company for All Nippon Airways will not hesitate to sell aircraft, real estate and other assets if demand for air travel fails to bounce back as expected.

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