Japanese airline operator ANA Holdings Inc. will only raise airfares as a last resort to cover European route changes, its incoming chief executive said on Wednesday, adding that it would focus on belt-tightening first.

Koji Shibata, who takes the helm of the parent company of All Nippon Airways (ANA) from April 1, also said that the crisis in Ukraine was so far having a limited impact on earnings, as the airline had already scaled back international flights due to COVID-19.

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