ANA Holdings (ANA) is projecting a ¥132 billion ($1.2 billion) net profit for the full fiscal year. This is up by ¥7 billion from its earlier estimate, and ¥33 billion higher than its profit for the previous year.
The Japan Airlines (JAL) Group, meanwhile, forecast a ¥121 billion net profit for the full year, an increase of ¥13 billion from previous predictions.
ANA reported a net profit of ¥118.3 billion for the six months through Sept. 30, its fiscal first half. This was more than double the profit from the same period a year earlier, although this was partly because of the inclusion of results from LCC subsidiary Peach Aviation for the first time.
Overall revenue was up 11.3% for ANA, with operating profit increasing by 28.5%. In the international operation, passenger revenues were up 14% on an 8.1% gain in capacity and an 8.3% increase in traffic. The airline said outbound business traffic was strong, and outbound leisure demand to Europe recovered from a slump that followed terrorist attacks in that market. Inbound traffic was again robust.
The carrier’s domestic revenue rose 2.2%, as traffic grew 4.9% on a 0.6% decline in capacity. Domestic and international cargo revenue rose 0.5% and 31.1%, respectively.
ANA’s other LCC subsidiary, Vanilla Air, and Peach contributed to growth in other revenue categories. Vanilla achieved a 26.7% traffic increase on 26.2% capacity growth. Both LCCs recorded load factors of 87%-88%.
JAL reported a net profit of ¥77.9 billion for the fiscal first half, an increase of ¥6.5 billion or 9.2% from a year earlier. Revenue rose by 6.2% year-on-year and operating profit by 7.2%.
International passenger revenue increased 7.6% during the half, although the capacity increase was just 0.5% as the carrier continued its conservative approach to growth. Both inbound and outbound demand was strong, the airline said.
JAL’s domestic revenue was up 4.6%, with capacity rising 0.5%. International cargo revenue increased 26.1%, although domestic cargo revenue slipped 0.6%.
(Adrian Schofield - Aviation Daily / ATWOnline News)