TOKYO: ANA Holdings Inc. said on Thursday that it expects to post record consolidated revenue for the year ending next March thanks to an increasing number of visitors to Japan.

The Japanese airline raised its revenue forecast for the year to 2.22 trillion yen, which is up 8 pct from the previous year, from its previous projection of 2.19 trillion yen.

The previous record revenue of 2,058.3 billion yen was marked in the year ended in March 2019, before the COVID-19 pandemic.

The company forecast that domestic passenger services and freight services will be buoyant.

ANA also raised its net profit prediction to 120 billion yen from 110 billion yen.

In the six months ended in September, ANA’s revenue rose 9.7 pct from a year before to 1,099.5 billion yen, the highest level for the fiscal first half.

Operating profit fell 16.5 pct to 108.3 billion yen due to expanded maintenance and personnel costs.

JIJI Press