ANA enters earnings sweet spot after tough 2009

All Nippon Airways (ANA) is in reasonable shape to capitalise on an opportunity donated to it by Japan Airlines’ severe post-bankruptcy cutbacks. Market share, trained JAL staff and profits should flow to ANA as the embattled flag carrier wades through its restructuring plan and the economic recovery takes hold. ANA is playing down expectations after revealing a widening of losses in FY2010/11, but even so, ANA faces the best strategic outlook in its corporate history.

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