FOCUS: ANA faces strong headwinds as pandemic prompts shift from expansion

The global coronavirus pandemic may not do much to change the long-standing, deep-rooted rivalry between Japan’s two major airlines, but it is forcing ANA Holdings Inc. to take a pause in its expansion strategy amid the specter of further financial strains.With a record net loss of 510 billion yen ($4.8 billion) projected for the current business year through March, ANA’s struggles are raising the need to further streamline its international operations — an area in which the airline has been scrambling to obtain an edge over rival Japan Airlines Co.”My biggest worry is ANA will repeat the mis…

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HEDGE accordingly