An ANA Boeing 767 (Photo: ANA)

The economic situation remains gloomy for the airline ANA

, which gives some outlook on its activity in the coming months.

In a note released on the occasion of the publication of its financial results for fiscal year 2021 (1/04/21 to 31/03/22), the carrier continued to see its result impacted by Covid-related restrictions, particularly on its international business.

Compared to fiscal year 2019, the number of passengers carried internationally remained 92% lower in fiscal year 2021. The average aircraft load factor stood at 27%. Revenue from international business plunged from $4.73 billion in FY2020 to $540.4 million in FY2022. However, it had reached an all-time low of US$344.6 million in FY2020 (exchange rate of 129 yen to the dollar).

ANA’s Europe without Paris and London

Europe’s share of this figure has been steadily declining. The continent accounted for only 14.7% of international revenues in fiscal year 2022. Against 19.6% before the pandemic. This decline is explained in particular by the elimination of two flagship routes of the company in Europe from Tokyo Haneda (HND) to London Heathrow and Paris-CDG.

These routes were not operated for the entire fiscal year 2021. And they will remain suspended due to the closure of Russian airspace. These routes remain heavily loss-making due to the soaring oil prices, the weakening of the yen and the competition on the route. In Paris, Air France

and JAL both operate to Tokyo.

However, ANA continues to operate the Brussels-Tokyo Narita and Frankfurt-Tokyo Haneda routes. On these routes, the carrier “uses other flight routes to bypass Russian airspace”, explains the report.

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However, the company anticipates a return of international demand with the easing of entry restrictions to Japan in March, which contributes to the increase in demand. ANA estimates that in fiscal year 2022, it should carry international passenger traffic equivalent to 45% of its fiscal year 2020. This represents a 320% increase in passenger numbers and a 232% increase in revenue. The private carrier also hopes that other measures will be taken quickly to open Japan to the rest of the world.

For its part, Japan Airlines has also reduced its offer in Europe due to the closure of Russian airspace. Instead of one daily flight between Paris CDG and Tokyo Haneda, JAL is offering only 17 frequencies in May. And it has already announced the cancellation of 9 flights in June from the French capital.