International cargo makes up for weaker domestic demand for ANA

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Strong international growth made up for weaker domestic demand in the 2017 fiscal year for Japanese airline All Nippon Airways (ANA).

International revenue increased by 26.5 per cent to 118 billion yen ($1 billion) and freight carried was up 4.3 per cent to 994,000 tonnes with automotive parts and electronics bound for North America and Europe showing steady growth.

ANA says that point of sales overseas for both volume and revenue from Japan increased due to cargo from China and other parts of Asia bound for Japan performed well and captured cargo from China to North America.

Domestic cargo revenue was down 0.5 per cent to 30.7 billion yen and freight carried by 3.2 per cent to 436,000 tonnes due to slow demand and a decrease in volume of home delivery parcel services.

Operating revenue for ANA Holdings increased by 11.7 per cent to 1,971 billion yen and net income hitting a record high of 143.8 billion, 45.6 per cent higher than the 2016 fiscal year.