All Nippon Airways profits rose 18 per cent in nine months despite cargo revenue falling 23.6 per cent on international routes.
The airline made a profit of 86.5 billion yen ($759 million) in the nine months up to 31 December 2016 and revenue was down 2.7 per cent to 1.3 trillion yen.
Cargo revenue on domestic services was down 3.2 per cent to 23.6 billion yen while international revenue fell 23.6 per cent to 67.5 billion yen, and ANA says: “Due to a reduction in income from cargo departing overseas airports affected by the impact of the stronger yen and the abolition of sales commission for cargo sales agents, revenues decreased from the same period the prior year.”
International volumes increased 17.1 per cent to 715,000 tonnes due to transit cargo from Asia and the US, and recovering Japanese exports.
ANA says despite a healthy market for home parcel delivery services meaning it could operate extra flights, the overall market stagnated due to weather problems in Hokkaido. Domestic volumes were down 3.5 per cent to 347,000 tonnes.