ANA says it’s concerned Trump policies may slow global growth

ANA Holdings said it’s concerned the policies of US president Donald Trump may slow global growth, which in turn affects airline passenger traffic. “We have to consider the effect on logistics and movements if trade frictions arise as in the past,” Yuji Hirako, an executive VP said Friday. “The possibility of a slowdown in global growth is emerging. We need to spend time observing Trump’s govt and policies.” The airline and its key hub at Haneda in Tokyo are significantly exposed to the swings in the global economy. ANA Friday reiterated a forecast for an almost 3% drop in sales this fiscal year due to a reduction in fuel surcharges. The company is seeking JPY25b in non-fuel cost reductions this fiscal year to help offset a dip in sales due to the removal of the surcharge in April, according to the carrier. <br/>