Last year's financial results of two major domestic airlines posted a huge deficit due to the impact of the new coronavirus.
Both companies are rushing to change their management strategies, such as strengthening the LCC = low-cost carrier and freight businesses, in order to recover their business performance as soon as possible after the infection has subsided.
According to the group's financial results for the fiscal year ended March 31, announced by two major airline companies by the 7th, the final profit and loss was 286.6 billion yen for the first time since 2012 when Japan Airlines relisted its shares after the bankruptcy. ANA Holdings posted a record deficit of 404.6 billion yen.
In a difficult business environment such as the extension of the state of emergency, the two companies are working to reduce costs by reducing the number of passenger aircraft, mainly large aircraft, and sending employees to the outside.
Furthermore, in the future, even after the infection has subsided, it will be difficult for the main business demand to recover to the level before Corona due to the establishment of remote work, and we are reviewing our strategy.
Specifically, in order to strengthen the business of LCC = low-cost carrier, which is often used for tourism, Japan Airlines has decided to make "Spring Airlines Japan", a Japanese subsidiary of LCC in China, a subsidiary next month. ..
ANA Holdings also plans to launch a new LCC brand on medium-haul routes connecting Southeast Asia and other countries, apart from its subsidiary Peach Aviation.
In addition, the two companies are rushing to change their strategies in order to quickly recover their business performance after the infection has resolved, such as the freight business, where demand is growing, and the development of new specialty products and travel products in collaboration with local governments. ..