ANA parent sticks to full-year outlook despite dip in six-month profit

ANA Holdings has maintained its full-year earnings forecast amid strong inbound and domestic passenger travel demand, even as its half-year profit slipped. The parent company of All Nippon Airways says it still expects an operating profit of Y170b ($1.11b) for the year ending 31 March 2025, unchanged from previous forecasts. It has revised upwards its full-year revenue to Y2.22t, compared to Y2.2t previously, as it expects strong passenger and cargo demand to continue for the rest of the year. However, rising expenses meant its full-year profit forecast remains unchanged. For the six months ended 30 September, ANA Holdings reported an operating profit of Y108b, down 16.5% compared to the year-ago period as a rise in costs outpaced an increase in revenue. Still, ANA Holdings notes that its operating profit is “progressing steadily at a slightly higher rate than the plan for this fiscal year”. The group posted its highest-ever half-year operating revenue – of close to Y1.1t – up about 9.7% year on year. International passenger revenue also hit a record high, at Y390b (up 8% year on year) for the six-month period, as strong inbound travel demand continued, and Japan outbound demand recovered quicker.<br/>