Japan’s major airlines ANA Holdings and Japan Airlines posted net profits in the nine months to December, but losses turned around as domestic and international travel resumed, the companies said Thursday. .
ANA, the country’s largest airline, reported a net profit of 62.6 billion yen ($486 million), making up for a loss of 102.8 billion yen in the same period last year, while rival JAL posted a net profit of 16.3 billion yen. Recorded gains and rose from losses. 128.3 billion yen.
ANA said in a statement, “Passenger demand is recovering rapidly due to the easing of Covid-19-related restrictions on domestic flights and the easing of entry restrictions in many countries on international flights.
The international cargo business also grew steadily.
ANA has revised its annual net income forecast for the fiscal year ending March 31, 2023 upward from 40 billion yen to 60 billion yen.
However, Japan Airlines cut its net profit forecast from 45 billion yen to 25 billion yen.
Both companies were hit hard by restrictions in Japan and around the world during the pandemic.