⁍ Japan’s largest airline operator braces for its biggest-ever annual loss due to a plunge in demand driven by the coronavirus pandemic.

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⁍ Job losses are part of ANA’s broader business restructuring plan to be announced on Tuesday.

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– Japan’s largest airline plans to cut about 3,500 jobs as it braces for its biggest-ever annual loss due to a plunge in demand driven by the coronavirus pandemic, the Yomiuri daily reported. The job cuts are part of ANA Holdings’ broader business restructuring plan to be announced on Tuesday, as it scrambles to cut fixed costs in anticipation of a prolonged downturn in travel demand, the Yomiuri said on Sunday. The job cuts are part of ANA’s broader business restructuring plan to be announced on Tuesday, as it scrambles to cut fixed costs in anticipation of a prolonged downturn in travel demand, the Yomiuri said. ANA, which had group workforce of 43,500 as of last year, plans to achieve the job cut target by the year ending in March 2023 through outplacement programs and a hiring freeze, according to the paper. ANA representatives could not be reached immediately. As short-term measures, ANA is considering temporarily dispatching some of its workforce to several other firms, including Toyota Motor Corp. Forecast to suffer a net loss of around $4.8 billion for this fiscal year to March, ANA has turned to billions of dollars in loans and a government tourism campaign to weather the slump in air travel.