My biggest worry is ANA will repeat the mistakes made by JAL, which ended up going bankrupt, because it had become too big a company. First off, restructuring is something that a struggling company needs to undertake to survive a crisis. But if the future is still uncertain, just like now, the government may have to extend support before it becomes too late.

"Restructuring"? Gimme a break. ANA has announced its response is to maintain employment but cut all regular employees' pay by 30% -- across the board. Sorry, that's not "restructuring," it's "cutting" while leaving the same "structure" in place.

Revenues are down 70-80%, cost cutting 30%, so do the math - the airline will nosedive, with taxpayers likely to pick up the bill. All thanks to the famous Japanese allergy to layoffs and furloughs. Corporate welfare at its best.

JAL did not fail because it was too big. It failed because it had its head up its backside and automatically deserved its exalted status with the Japanese public.

Jal did indeed not fail because of its size but because of complete mismanagement by government appointed incompetents. And JAL had the advantage of one of the biggest and overpriced domestic markets in the world. Still overpriced today because there is no real competition between Jal and Ana and the LCC’s are carefully kept away from the real cash generating routes.

Wouldn’t a merger with a general scaling down and selecting only profitable parts with a minimum of future chances out of both companies be the better choice? One healthy airline instead of two with problems and red numbers... But wait, status quo is always favored ‘at all costs’ as we know from other news...lol