All Nippon Holdings (ANA HD), the parent company of ANA Airlines reported 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 second quarter.
Net profit jumped about 30-fold from a year earlier to 30.6 billion yen, while sales grew 31.6 pct to 461 billion yen.
On a segment basis, the aviation business comprising mainline operator ANA, low-cost unit Peach and cargo carrier ANA Cargo also swung to a 42.3-billion-yen operating profit. This compares to a 1.9-billion-yen loss last year.
With the expansion in the scale of operations mainly on international routes the Group recorded an increase in operating revenue 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.
Low-cost carrier Peach, meanwhile, saw its revenue increase 78% year on year at 27.7 billion yen, on the back of a 27% jump in passenger numbers.
Despite concerns about geopolitical risks such as the situation in Ukraine, the airline business continues to see a recovery in passenger demand due to the further relaxation of travel restrictions and disease control measures in countries around the world,” the group states.
The Group reported international passenger revenue approximately 2.7 times of the same period in the previous year while the 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.
ANA carried more than 1.6 million international passengers during the quarter, more than twice the number reported a year ago, with capacity and traffic similarly doubling year on year.
"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."
ANA Cargo saw its international cargo revenues plunge nearly 60% year on year, amid a 20% drop in cargo volume. Domestic cargo revenues were down 10.4%, even as capacity rose 38%.