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“The sustained focus on reducing our operating expenses along with increased domestic travel, strong cargo sales and favorable conditions for growth of international traffic point to a better FY2022,” ANA Chief Financial Officer Kimihiro Nakahori said in a statement.
Revenue surged 40% to 1.02 trillion yen in the last financial year, driven in part by a record cargo performance.
There are encouraging signs of a post-pandemic passenger recovery in Japan, which in late March lifted all domestic pandemic restrictions. ANA has said as of last week, the number of passengers who booked flights for next week’s string of public holidays known as “Golden Week” increased by about 47% compared to a year ago. Still, ANA and rival Japan Airlines Co Ltd (JAL) face uncertainties from Japan’s prolonged international border restrictions and rising fuel costs worsened by the war in Ukraine.
Prime Minister Fumio Kishida has repeatedly decided against opening the nation’s borders to overseas tourists, lifting pandemic-related bans only for students and business travellers. The tourist ban may not be lifted until after Japan’s election in July, according to analysts.
($1 = 130.0600 yen)
