The Japanese airline says it will retire more than 1/10 of its fleet on delay to aircraft orders.

It will also move over 400 workers to different companies, while asking others to accept pay cuts or unpaid leave.

The drive to rein in costs comes as airlines and travel companies struggle to survive this year's collapse in air travel.

Overall DNA said it swung to an operating loss of almost $2.7 billion for the six months ended September 30th on projects it will lose $4.8 billion for the year to March 31st.

Like other airlines, DNA is burning through cash to keep jets flying, even with very few passengers.

Japan had previously banned all entry into the country, but has recently started to allow business travelers and foreign residents to visit.

But on the condition they quarantine for two weeks, most overseas tourists are still not allowed in Because of this, A Anna said it would retire 35 planes, including 22 Boeing triple seven wide bodies.

It will also delay taking one new Triple seven on one Airbus A 3 80 super jumbo.

All that still leaves the carrier facing a severe hit on Tuesday and a confirmed it had secured $3.8 billion in subordinated loans from state backed on private lenders to get it through the current downturn.