Steep first-half loss to result in 1,000 job cuts at ANA

ANA reported a ¥3.8 billion profit in its fiscal second quarter ended Sept. 30, a 75.2% drop from the ¥15.3 billion earned in the year-ago period, but its inability to recover adequately from a steep first-quarter loss prompted it to predict a ¥28 billion deficit for the full year (reversed from its original forecast of a ¥3 billion profit) and to unveil a revised business plan that includes 1,000 job cuts.

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