ANA nearly doubles its profit forecast for FY2022

All Nippon Airways raised its profit forecast for FY2022, expecting to deliver an operating profit of $897 million for the year-ending March 31, 2023. This is up from the February 2022 guidance of $710 million and further up from the $486 million estimated in October 2022. In five months, from October 2022 to March 2023, ANA Holdings has lifted its operating profit forecast from $486-$897 million giving a clear mandate of strong air traffic recovery in Asia. The airline said international passenger revenues performed strongly in the fourth quarter due to demand for business and inbound travel to Japan. The Group estimates