ANA raises expectations

ANA Holdings, parent of All Nippon Airways, has raised its performance forecast for its 12 months to March 31, 2014 thanks to an increase in international passenger service. ANA expects a 20% increase in net income to JPY18 billion ($176 million), and it has also raised its operating revenue forecast 1.3% to JPY1.6 trillion. Operating income expectation has risen by 8.3% to JPY65 billion but this is still down from the JPY103.8 billion reported in the previous financial year. ANA also revised its recurring profit forecast to JPY42 billion, up 40% from JPY30 billion.