ANA HOLDINGS Reports Record Financial Results for the Fiscal Year Ended March 31, 2026

ANA HOLDINGS INC. reported record financial results for the fiscal year ended March 31, 2026, driven by sustained inbound travel demand and the integration of Nippon Cargo Airlines Co., Ltd. (NCA).

Headline Financials
- Operating revenue: ¥2,539.2 billion (+12.3% YoY)
- Operating income: ¥217.4 billion (+10.5% YoY)
- Net income: ¥169.0 billion (+10.5% YoY)
- Dividend: Increased to ¥65 per share

> “Delivering record results this year demonstrates the strength of our core airline business and our ability to execute through changing market conditions,” said Kimihiro Nakahori, CFO.

Segment Performance
- Air Transportation: ¥2,313.2 billion revenue (+12.4%), ¥221.9 billion operating income (+11.5%)
- International passenger revenue up 9.1% with load factor rising to 83%
- Domestic passenger revenue up 4.8%, load factor at 79.2%
- Cargo revenue dipped slightly (-1.7%) despite higher freight volumes
- Nippon Cargo Airlines (NCA): Consolidated from July 2025, added ¥108.9 billion revenue
- Peach Aviation: Revenue up 2.9%, passenger load factor steady at 84.3%
- AirJapan: Revenue up 19%, but brand suspended in March 2026 to streamline operations under ANA and Peach
- Other businesses: Trade & retail revenue surged 18.7% (boosted by Expo 2025 Osaka), while travel services fell 11.2%

Recognition
- SKYTRAX 5-Star rating for the 13th consecutive year
- APEX World Class Award (second year running)
- FlightGlobal Executive Leadership: Asia-Pacific Award (first time)

FY2026 Outlook
- Revenue forecast: ¥2,770.0 billion (+9.1%)
- Operating income forecast: ¥150.0 billion (down from ¥217.4 billion due to fuel cost pressures)
- Net income forecast: ¥96.0 billion
- Dividend: ¥60 per share (stable policy)

This paints a picture of ANA at a peak of profitability, but bracing for margin pressure from fuel costs in FY2026.