ANA, whose fiscal-first-half profit fell 79.1% year-over-year to ¥22 billion ($227.4 million), is taking measures to stabilize itself as Japan officially slides into recession, and is considering launching a low-cost subsidiary. Competing in a country where unit costs are high and a region where LCCs are continuing to assert themselves, ANA now feels it must react. "We have higher ticket prices but equally higher revenues [compared to LCCs] and are evaluating a new business model to ...

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