ANA Reports Fiscal Year 2021 Net Loss of $1.1 Billion on 40 Percent Increase in Revenue to $7.9 B
ANA has reported a fiscal year 2021 net loss of 143.6 billion yen (US $1.1 billion) on a 40% year-over-year increase in revenue to 1,020.3 billion yen (US $7.9 billion). Peach Aviation’s revenue increased versus 2020 by 71.3% to 37.8 billion yen (US $291.6 million).
On Thursday (April 28, 2021), ANA Holdings, Inc. reported their fiscal 2021 financial results for the period ending March 31, 2022. The Group reported a FY 2021 net loss of 143.6 billion yen (US $1.1 billion) on a year-over-year increase in revenue of 40 percent to 1.02 trillion yen (US $7.9 billion). The company’s Peach Aviation subsidiary’s revenue increased versus FY 2020 by 71.3 percent to 37.8 billion yen (US $291.6 million). ANA’s International Cargo revenue increased year-over-year by 161 percent to 328.7 billion yen (US $2.53 billion), while Domestic Cargo revenue increased 19.4 percent to 24.9 billion yen (US $192 million).
In Thursday’s announcement, ANA’s Executive Vice President and Group Chief Financial Officer, Kimihiro Nakahori, said,
“The sustained focus on reducing our operating expenses along with increased domestic travel, strong cargo sales and favorable conditions for growth of international traffic point to a better FY2022. While this past year has been challenging, I am extremely proud of how all our employees have responded after the past two years to excel in their duties and help position ANA Group for the future. Through their efforts and inspiration, we are confident for continued progress and further improvements across our operations.”
During FY 2021, ANA fully utilized their dedicated freighter aircraft, including the introduction of the Boeing 777F on the Tokyo Narita to Los Angeles route in April 2021, on the Tokyo Narita to Hong Kong and Taipei routes in October 2021, and the Tokyo to Qingdao route in November 2021. In response to strong demand, the carrier also deployed passenger aircraft to fly cargo-only dedicated flights.
Founded in 1952, ANA has grown to become the largest airline in Japan. The carrier has been a Star Alliance partner since 1999 and currently has joint partnerships with United Airlines, Lufthansa, SWISS and Austrian Airlines. The ANA Group also owns Japanese low-cost carrier (LCC) Peach Aviation Limited. ANA has approximately 43,000 employees and operates a fleet of 260 aircraft. Additionally, the carrier was the launch customer and is the largest operator of the Boeing 787 Dreamliner Family aircraft, and is the only Airbus A380 operator in Japan.
Source: All Nippon Airways