ANA chief vows to push reform agenda amid pandemic struggles

The chief of ANA Monday pledged to implement company-wide reforms in response to reduced demand during the coronavirus pandemic, with the airline industry expecting a long-term downturn due to government travel restrictions. Speaking at a general shareholders’ meeting in Tokyo, ANA President and CEO Shinya Katanozaka remained confident the company can start to grow once again, saying, “For a revival in the world economy, the aviation business is essential.” Katanozaka said the group secured credit worth Y1t to underpin its finances, telling shareholders that it will make the utmost efforts to achieve a speedy recovery in earnings. The group is expected to disclose its reform plan in July.<br/>