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  • A, and they will take drastic action to cope with a forecast loss of around $4.8 billion the company said Tuesday.

  • The Japanese airline says it will retire more than 1/10 of its fleet on delay to aircraft orders.

  • It will also move over 400 workers to different companies, while asking others to accept pay cuts or unpaid leave.

  • The drive to rein in costs comes as airlines and travel companies struggle to survive this year's collapse in air travel.

  • Overall DNA said it swung to an operating loss of almost $2.7 billion for the six months ended September 30th on projects it will lose $4.8 billion for the year to March 31st.

  • Like other airlines, DNA is burning through cash to keep jets flying, even with very few passengers.

  • Japan had previously banned all entry into the country, but has recently started to allow business travelers and foreign residents to visit.

  • But on the condition they quarantine for two weeks, most overseas tourists are still not allowed in Because of this, A Anna said it would retire 35 planes, including 22 Boeing triple seven wide bodies.

  • It will also delay taking one new Triple seven on one Airbus A 3 80 super jumbo.

  • All that still leaves the carrier facing a severe hit on Tuesday and a confirmed it had secured $3.8 billion in subordinated loans from state backed on private lenders to get it through the current downturn.

A, and they will take drastic action to cope with a forecast loss of around $4.8 billion the company said Tuesday.

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B1 retire loss delay dna triple tuesday

Japan's ANA skids toward record $4.8 billion loss

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    林宜悉 posted on 2020/10/27
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