Japan’s All Nippon Airways (ANA) president and CEO Osamu Shinobe said the Star Alliance member is working to reduce unit costs up to 18% by 2020. “It is more like a continuous approach,” Shinobe told ATW in Tokyo. “In fiscal year 2015, overhead costs had been reduced by ¥25 billion ($228 million). Every quarter we check our progress. Besides the high impact from the US dollar/yen exchange rates, ANA is also affected by fuel costs because fuel cost volatility is ...

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