ANA has reported a return to profitability for the first ten in ten quarters for the three months ended June 30, 2022. On the back of a return in passenger demand on international and domestic routes, ANA operating revenue increased by 151.5 billion yen to 350.4 billion yen, while operating expenses were limited to an increase of 88.2 billion yen to 351.7 billion yen( 133% year-on-year). While the continued impact of COVID-19 resulted in an operating loss of 1.3 billion yen, ordinary income was 4.3 billion yen, and net income attributable to owners of the parent was 1.0 billion yen, marking the first time in ten quarters that ANA HD has recorded a net profit.
"We are pleased to see the results of the first quarter with the increased passenger demand for domestic and international travel, and increased revenue in all of our business segments," said Kimihiro Nakahori, Executive Vice President and Group Chief Financial Officer. "These results are a demonstration of the committed efforts by the global ANA team and helps to position us to continue to meet our customers' needs amid this challenging operating environment."
Load factor rose to 70.7%, close to pre-COVID levels, led by a recovery in demand resulting from eased entry restrictions in various countries.