Ana Holdings announced the results for the first quarter of the financial year 2021-22 (April-June 2021). In the first quarter of the financial year 2021-22, although the negative effects of the pandemic continue to be felt, there were signs of recovery in corporate production activities and capital investments. However, low individual consumption indicates persistent weakness.
There have been signs of recovery in the aviation sector, particularly the increase in demand in the United States and European countries, where the vaccination campaign has progressed significantly. However, obstacles still remain on many international routes due to entry and travel restrictions in a number of countries.
Despite these challenges, Ana Holdings renewed its commitment to its long-term environmental goals in April by reiterating its commitment to achieving net-zero emissions by 2050. In June, the company also issued Sustainability-Linked Bonds, the whose terms and conditions vary according to the specific ESG objectives to be achieved.
In the first quarter ended June 30, 2021, turnover increased by + 63.6% compared to last year reaching 198.9 billion yen (over 1.8 billion dollar). The operating loss was 64.6 billion yen (over $ 608 million), while the net loss was yen 51.1 billion (about $ 481 million). While Covid-19 continues to impact performance, the amount of net loss is the lowest ever since the fourth quarter of 2019.
«Our performance this quarter confirmed the validity of the strategic approach adopted by the entire ANA group in the face of the numerous and complex challenges that have affected the entire aviation sector – said Ichiro Fukuzawa, executive vice president and chief financial officer of Ana Holdings -. Although Covid-19 and the accompanying immigration restrictions have reduced the demand for international travel, this turnaround has been made possible by the impressive growth in cargo operations, the recovery in travel demand and targeted measures to cost reduction that led to the greatest improvement in quarterly financial results since COVID-19 began impacting our business in the fourth quarter of fiscal 2019 ».
Demand for international travel remains low due to the impact of the pandemic; however, turnover and passenger numbers increased compared to last year – + 36.5% and + 43.4% respectively – thanks to a gradual recovery in commercial demand, especially for expatriates traveling between Japan and Japan. abroad, and the demand for connections from Asia to North America, in light of the increase in vaccines in the United States. Although many connections have not yet resumed, the carrier closely monitors demand to determine which routes to continue operating and to identify the opportunity to offer temporary connections to destinations with specific demand, including cargo.
At the domestic level, although a state of emergency remains in Japan due to the resurgence of COVID-19 cases, the number of passengers and turnover have more than doubled compared to the same period last year – respectively + 150.3% and 123.5% – when the impact of COVID-19 was most severe.
Ana Holdings has confirmed, for the financial year ending in March 2022, the forecast of a turnover of 1,380 billion yen (about 13 billion dollars) and an operating profit of 28 billion yen (about 263 million yen). dollars).