In the first quarter, both operating revenue and operating income increased significantly compared to the same period the prior year, resulting in the first operating profit in four years for the Q1 period.
- With the expansion in the scale of operations mainly on international routes, operating revenue increased to 461.0 billion yen (approximately 1.3 times of the same period of the previous year). In contrast, operating expenses were limited to 417.2 billion yen (approximately 1.2 times of the same period last year).
- International passenger revenue was approximately 2.7 times of the same period in the previous year, domestic passenger revenue was approximately 1.4 times of the same period in the previous year, and international cargo revenue decreased approximately 60% from the previous year.
TOKYO, Jul. 28, 2023 – ANA HOLDINGS INC. (hereinafter “ANA HD”) today reports its financial results for the three months ended June 30, 2023.
In the first quarter of fiscal year 2023 (April 1, 2023 – June 30, 2023; hereinafter the “three months ended June 30, 2023”), led by strong demand for both domestic and international travel due to the further relaxation of travel restrictions, the airline business continued to recover. As a result, ANA HD recorded an operating income of 43.7 billion yen, ordinary income of 43.2 billion yen, and net income attributable to owners of the parent of 30.6 billion yen, marking the first time in four years for ANA HD to post a net profit in the first quarter.
“ANA’s performance this quarter reflects our strategy to be positioned for sustainable growth in domestic and international travel after the restrictions were relaxed” said Kimihiro Nakahori, Executive Vice President and Group Chief Financial Officer. “Being able to achieve a profitable first quarter for the first time in four years is a testament to the relentless efforts of ANA Group employees.”
Operating revenue exceeded the amount recorded during the same period of the previous year, backed by a significant increase in passenger demand on both domestic and international flights. While variable costs increased due to an expansion in the scale of operations, profitability improved significantly as a result of extensive cost management initiatives.
1. International Passenger Service (ANA)
2. Domestic Passenger Service (ANA)
3. Cargo Service (ANA)
4. LCC (Peach Aviation)
Airline Related, Travel Services, Trade and Retail
1. Airline Related
2. Travel Services
3. Trade and Retail
Outlook for FY2023 (April 2023 – March 2024)
ANA HD maintains its consolidated financial forecast for FY2023, presented on April 27, 2023.