Originally Posted by
mark one eyeball
When a company evolves and begins to take on an attitude that "it is too big for its boots" it has a tendency to take risks
Unfortunately with the pandemic it has hit ANA hard
The big ego has been subdued, the bubble has well and truly burst
With the $5 billion loss, confidence and money haemorrhaging, there is going to be a meek and mild new ANA
A very different company that will pull back from bold decision making
and on its knees to its creditors
Every single airline in the world who survives this will be on their knees to their creditors for a few years. Or did you think there is an airline on this planet who can make it on their own burning a couple of billions in their bank?