ANA Holdings improves fiscal 2013 net profit forecast

Singapore
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All Nippon Airways’ parent ANA Holdings has made a positive revision to its fiscal 2013 performance forecast.

In its revised forecast for the year ended 31 March 2014, ANA Holdings says net income will hit Y18 billion ($175.9 million), more than the Y15 billion forecasted last October.

This is largely due to changes in international passenger numbers, says the firm. With this, operating revenue for the year is expected to increase by Y21 billion to Y1.6 trillion, while operating income will hit Y65 billion, an upward revision from Y60 billion.

ANA Holdings adds that recurring profit is also expected to rise by Y12 billion due to the disposal of aircraft and aircraft parts.

Despite the upward revision, the firm’s performance will still be weaker than that of fiscal 2012 where it raked in a net profit of Y43 billion.