It's European airlines in general. It's what happens when the only airlines are flag carriers that don't have to worry about competition because their respective governments will keep them in business.
Because they have competent local competition. ANA is very evenly matched with JAL. Same with HKA and Cathay Pacific. Even Taiwan has China Airlines (flag) and EVA.
>> It's what happens when the only airlines are flag carriers that don't have to worry about competition because their respective governments will keep them in business.
Governments cannot provide aid beyond what a reasonable investor would do. The current European Commissioner for Competition (incumbent since 2014) has had particularly strong focus on that. Several flag carriers that got unreasonable subsidies went bankrupt after they were forced to pay back subsidies.
