Japan’s ANA, JAL warn of profit hit on the back of fuel surge

Japan’s leading airlines, ANA Holdings and Japan Airlines, forecast sharply lower profits for the year to March 2027 as the war in Iran drives up fuel costs.

According to Jiji Press, ANA, parent of All Nippon Airways, expects consolidated net profit of JPY96bn ($640mn), down 43.2% from a year earlier, while Japan Airlines projects a 20.1% decline to JPY110bn.

ANA said higher fuel costs would reduce its operating profit by about JPY60bn, with maintenance expenses also set to rise.

Japan Airlines said sustained high fuel prices would cut profits by JPY11bn per month in its fiscal first quarter ending next month, although it expects the impact of the Iran conflict to be offset by higher fuel surcharges.

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