ANA Holdings Inc (ANCA.SG)
- Reuters
UPDATE 1-ANA says H1 operating profit quadrupled, keeps outlook
ANA Holdings said on Tuesday its first-half operating profit had more than quadrupled amid the post-pandemic travel boom but kept its full-year forecast unchanged citing higher oil prices and costs related to inspections of Pratt & Whitney engines. The cost related to the inspections would cut the company's operating profit by about 40 billion yen ($266.3 million) this fiscal year, ANA's CEO Koji Shibata told reporters. The 140 billion yen operating profit the company expects for the current business year to March is below the mean 163.2 billion yen profit estimated by 14 analysts, according to LSEG data.
- Reuters
Japanese companies warm up to employee stock incentives
Airline operator ANA Holdings plans to offer around $60 million worth of shares to thousands of employees, the latest Japanese company to use employee share incentives as a tool to retain talent and comply with a request by the regulator to pay more attention to share price performance. ANA will offer 100 shares worth about $20 each to about 70% of nearly 45,000 employees in November, following in the footsteps of other major Japanese firms such as Omron and Sony Group. The employee share incentive plans coincide with one of the most severe labour shortages Japan has seen in years, and as the Tokyo Stock Exchange urges listed firms to become "more conscious" of their share prices due to concerns that far too many companies are trading below their book value.
- Reuters
ANA CEO looks to boost fleet with Boeing 787, launch low-cost airline
Japan's All Nippon Airways (ANA) wants to grow its short and medium-haul fleet by 2030, especially expanding the Boeing 787 planes it has on order, CEO Shinichi Inoue said on the sidelines of an aviation conference in Istanbul on Monday. ANA is still not operating the number of aircraft it did pre-COVID but expects to get to that level by 2025 and exceed that number by 2030, Inoue said, adding that by then it wants to have more than 100 Boeing 787s in its fleet. "It is important for us to increase fuel efficient aircraft such as the 787 in the future," Inoue said at the annual meeting of the International Air Transport Association (IATA).
