TOKYO (Reuters) -The operator of Japan's largest airline, ANA Holdings Inc, raised its full-year profit forecast as travel demand recovers following the easing of COVID-19 border curbs. ANA now expects operating profit to reach 95 billion yen ($739 million) in the year through March, up from a previous estimate of 65 billion yen. The consensus forecast by 13 analysts polled by Refinitiv was for full-year profit of 79.3 billion yen.
Japan's top airlines All Nippon Airways (ANA) and Japan Airlines (JAL) have expanded their sustainable aviation fuel purchases by adding supplies from Japanese trading house Itochu Corp and U.S. producer Raven SR, they said on Tuesday. The global airline industry has sought to rely on sustainable aviation fuel (SAF) — which is produced from feedstock such as agricultural waste and used cooking oil — to meet its net zero emissions target by 2050.
TOKYO (Reuters) -Japan's largest airline ANA Holdings Inc on Monday swung to a half-year profit and raised its full-year earnings target as a relaxation of COVID-19 border measures fosters a recovery in travel demand. ANA lifted its operating profit forecast to 65 billion yen ($440 million) for the 12 months through March 31, up from earlier guidance of 50 billion yen, as it recovers from a 173 billion yen loss the prior year. The outlook is lower than the consensus forecast for operating profit of 70.4 billion yen, based on a Refinitiv poll of 12 analysts.