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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Breaking News

Breaking News

On cheaper fuel and yen rise, ANA Holdings raises profit prediction.

An employee of All Nippon Airways (ANA) works in front of the company logo at New Chitose airport in... An employee of All Nippon Airways (ANA) works in front of the company logo at New Chitose airport in Chitose, northern Japan July 3, 2012. All Nippon Airways Co said on Tuesday it is raising up to $2.6 billion through the issue of as many as one billion new common shares to buy new planes and to bolster its finances as it faces a resurgent rival in Japan Airlines. REUTERS/Issei Kato
An employee of All Nippon Airways (ANA) works in front of the company logo at New Chitose airport in... An employee of All Nippon Airways (ANA) works in front of the company logo at New Chitose airport in Chitose, northern Japan July 3, 2012. All Nippon Airways Co said on Tuesday it is raising up to $2.6 billion through the issue of as many as one billion new common shares to buy new planes and to bolster its finances as it faces a resurgent rival in Japan Airlines. REUTERS/Issei Kato

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ANA Holdings Inc (9202.T), Japan’s largest airline, boosted its profit prediction for the just-ended fiscal year on Friday, citing lower fuel costs and a stronger currency.

In a statement, the business now expects 120 billion yen ($897 million) in operating profit through March 2023, up from 95 billion. April 27 will bring full-year results.

After Japan eased pandemic border procedures, business and inbound travel increased, boosting international passenger revenues in the fourth quarter, ANA said. However, it reported flat international cargo revenue.

In a February mid-term plan, ANA projected 200 billion yen in operating profit in fiscal 2025. In fiscal 2025 and 2030, the airline’s fleet will reach 295, near pre-pandemic levels.


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