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.
Transportation
ANA to cut $3.8bn in costs in attempt at profitability next year
Japan's flagship airline remains bullish despite grim demand outlook
With demand for air travel in a trough, ANA Holdings plans to send some employees to one of Japan's largest big-box electronics retailers and others to a chain of high-end grocery stores. © Reuters
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