ANA Holding (ANA HD) has reported operating revenue of 1,055.9 billion yen, up 1.7% when compared to the same period in 2018, while operating income was 78.8 billion yen, down 25% due to an increase in operating expenses. Ordinary income was 81.5 billion yen, down 20.8%. Net income attributable to owners of the parent decreased 23.0% year-on-year to 56.7 billion yen.
Outlook for the FY2019 (April 2019 – March 2020)
When reviewing the first half of the fiscal year, operating revenue increased by 17.9 billion yen year-on-year, but fell short from the company’s plan due to decline in cargo demand mainly due to US-China trade issues and a slowdown in business demand in international passenger services. ANA HD forecasts that this trend will continue in the second half of the fiscal year alongside intensifying competition in the LCC business.
Taking these factors into consideration, the forecast for FY2019 operating revenue is 2,090.0 billion yen, 60.0 billion yen lower than the initial forecast. Under these circumstances, ANA HD has decided to also adjust the forecast and decrease operating income to 140.0 billion yen, ordinary income to 137.0 billion yen, and net income attributable to owners to the parent to 94.0 billion yen. (US$1.00 = 108.85 yen)
