ANA Revised downward earnings forecast due to US-China trade friction and typhoon October 29, 19:08
Leading airline company ANA Holdings has revised its earnings forecast for the year ending March 31, downward and announced that its final profit will be 13% lower than previously forecast. This is because the use of freight flights has decreased due to the effects of trade friction between the US and China.
ANA Holdings has revised its full-year forecasts up to March next year in the interim financial results announced on the 29th.
Net sales are estimated to be 2,090.0 billion yen, 60 billion yen less than the previous forecast, and the final profit is expected to be 94.0 billion yen, 14 billion yen less.
About the reason The company has reduced demand for freight flights due to the impact of trade friction between the United States and China, as well as a decline in demand for international flights, and the deterioration of Japan-Korea relations has led South Korean routes of its cheap airlines. This is because the number of users is decreasing.
On the other hand, with regard to the impact of successive typhoons such as Typhoon No. 15 and No. 19, sales are expected to decrease by more than 10 billion yen due to the suspension of many flights.
Director Ichiro Fukuzawa of ANA Holdings said, “Domestic flights are strong even if the consumption tax rate is raised, but the outlook for overseas economies is unclear and we cannot expect improvement for a while.”