ANA Holdings reported on July 29 its fiscal first-quarter results for the year ending March 2027, with revenue of 672.7 billion yen, up 22.6% year on year and a record high for a first quarter, while operating profit fell 43.5% to 20.7 billion yen, ordinary profit dropped 37.3% to 22.5 billion yen, and quarterly net profit declined 15.4% to 19.4 billion yen. The airline business, the main earner accounting for about 92% of revenue, saw revenue rise 24.9% to 620.8 billion yen, but operating profit nearly halved, down 48.7% to 18.1 billion yen. International passenger load factor rose 5.7 points to 85.1% and passenger numbers increased 14.3%, and with the addition of revenue from NCA, the dedicated cargo company made a consolidated subsidiary the previous year, international cargo revenue grew 37.9% to 58.3 billion yen, but higher costs, including an 86.9 billion yen increase in fuel expenses and fuel taxes, squeezed profits. The first-quarter exchange rate averaged 159.2 yen per dollar, 9.6% weaker than 145.2 yen per dollar a year earlier, while Dubai crude rose 65.4% from 68.0 dollars per barrel to 112.5 dollars per barrel. The full-year consolidated forecast was left unchanged at revenue of 2.77 trillion yen, operating profit of 150 billion yen, ordinary profit of 137 billion yen, and net profit of 96 billion yen, with an annual dividend of 60 yen per share planned for the current fiscal year.
ANA Holdings Inc.Q1 operating profit fell 43.5% to 20.7 billion yen as higher fuel costs squeezed margins despite record revenue.
NCA's consolidation helped international cargo revenue grow 37.9% to 58.3 billion yen.
