ANA Holdings and JAL post record April–June sales as profits slide on higher fuel costs
AI Market Summary
ANA and JAL reported record April–June sales but weaker net profits, citing Middle East-driven aviation fuel cost inflation. The contrast between resilient international passenger revenue and margin compression underscores ongoing sensitivity of transport sectors to energy inputs. Comments that fuel surcharges may start easing from September or later modestly temper cost-pressure concerns, while unchanged multi-year forecasts suggest limited near-term guidance shock.
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● Low
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ANA Holdings and Japan Airlines reported record sales for April–June 2024, with revenue up 22.6% and 11.2% year on year, respectively. Net profit fell 15.4% to 19,411 million yen at ANA and dropped 80.2% to 5,353 million yen at JAL. The companies attributed the earnings decline to higher aviation fuel prices driven by geopolitical tensions in the Middle East. Both carriers kept their profit forecasts unchanged for the fiscal year ending in March 2027.
