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ANA HOLDINGS Financial Results For the Nine Months Ended December 31, 2023


  • ANA HOLDINGS INC. recorded an operating income of 210.1 billion yen, marking a record historical high for the nine month period.

  • While revenue increased by 284.9 billion yen, operating expenses were limited to an increase of 173.7 billion yen through continued cost management efforts.

  • ANA HOLDINGS INC. is revising its full year consolidated financial forecast for FY2023, reflecting the third quarter financial results.

  • For the 11th consecutive year, ANA received 5-star recognition from SKYTRAX, the highest rating for customer satisfaction, and was also recognized by CIRIUM as having the highest on-time arrival rate among Asia Pacific airlines in the "Network" category.

  • Going forward, ANA HOLDINGS INC. will continue to respond flexibly and appropriately to dynamic operating conditions as well as other changes in the industry globally and aim for sustainable growth.

ANA HOLDINGS INC. (hereinafter "ANA HD") has reported its financial results for the nine months ended December 31, 2023.


In the first nine months of fiscal year 2023 (April 1, 2023 - December 31, 2023; hereinafter the "nine months ended December 31, 2023"), led by strong inbound demand and leisure demand, overall passenger demand continued to steadily recover, despite ongoing global geopolitical risks. Further, while there was an increase in variable costs due to the expanded scale of operations, profit resulted in a significant increase compared to the same period of the previous year due to continued cost management.

Under these conditions, ANA HD recorded an operating income of 210.1 billion yen, ordinary income of 207.1 billion yen, and net income attributable to owners of the parent was 148.9 billion yen.

"ANA Group's positive financial results point to an expansion in international operations, which have played a pivotal role in the airline's overall profitability compared to the prior nine month time period," said Kimihiro Nakahori, Executive Vice President and Group Chief Financial Officer of ANA HD. "This success underscores the impact of the extended global reach on ANA Group's financial performance, commitment by all ANA Group team members, and continued cost management."

We also list the full financials in the attached document.

ANA Q3 2023
Download PDF • 320KB

A full analysis and breakdown of the results, including key insights are available for our premium clients. Please get intouch with your local client manager inorder to schedule a briefing call.

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