Japanese ANA raises earnings guidance

All Nippon Airways enters the new year with optimism. 

The past nine months of the current financial year went better than expected for the carrier. The listed company today reported sales of the equivalent of around 8,95 billion euros for the three quarters - an increase of 70 percent compared to the previous year, which was characterized by Covid. With operating expenses equivalent to 8,25 billion euros, the company has an operating profit of 700 million euros. After taxes, the ANA Group reports a net profit of the equivalent of around 445,2 million euros. The greatly improved figures allow the company to raise its profit forecast for the full year to the equivalent of 424,1 million euros - 50 percent more than had been expected three months ago.

"With the lifting of travel restrictions in the last quarter, we were able to offer our high-quality customer service to more passengers and fly to additional destinations, which is reflected in our positive financial performance," said Kimihiko Nakahori, ANA Group Executive Vice President and Group Chief Financial Officer . "The ability to do this is a great testament to our employees who have shown patience over the past few years and worked together to position ANA Group for the future."