Japanese ANA raises its annual forecasts

Japan’s leading airline ANA Holdings on Monday sharply raised its forecast for its 2022/23 fiscal year which will end at the end of March, thanks to the reopening of the Japanese borders to international tourism and foreign exchange gains. The group stressed in a press release:the acceleration of the recovery in demand for international passenger trafficsince the reopening of the Japanese borders to tourism, the restriction measures eased since June having been completely lifted on October 11.

ANA, which had recorded between April and June its first net profit since the start of the pandemic, now expects an annual net profit of 40 billion yen (272 million euros), almost double its previous forecast. , thanks to expected gains on the sale of devices and on exchange rates. The company had suffered a net loss of 143.6 billion yen in 2021/22, and a record loss equivalent to 3 billion euros in 2020/21 due to the pandemic.

International transport on the rise

Despite expected rising costs, particularly with rising fuel prices, ANA also raised its annual operating profit forecast to 65 billion yen (442 million euros), against 50 billion yen previously, after a loss of operating 173.1 billion yen a year earlier.

ANA also expects a 67% jump in sales over one year, to 1,700 billion yen (against a previous target of 1,660 billion yen). In its second quarter (July September), the group saw its results jump thanks to a turnover of its international passenger transport activity more than fivefold over one year, and doubled for domestic flights. It thus achieved a net profit of 18.5 billion yen, against a net loss of 47.6 billion yen a year earlier, and an operating profit of 32.7 billion yen (after a loss of 51.4 billion yen last year at the same period). Its sales practically doubled over one year to 440.2 billion yen (3 billion euros).


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