Japan's two major airlines have released their consolidated results for the April–June quarter of fiscal 2026. Both ANA Holdings and Japan Airlines achieved record-high revenue, but profits declined due to soaring fuel costs amid worsening conditions in the Middle East. ANA Holdings' revenue rose 22.6 percent year on year to 672.7 billion yen, while Japan Airlines' revenue increased 11.2 percent to 523.7 billion yen. Both carriers secured double-digit growth in international passenger revenue, but net profit fell sharply — down 15.4 percent at ANA Holdings and down 80.2 percent at Japan Airlines. At a press conference, Japan Airlines Senior Vice President Yuji Saito said that fuel surcharges are likely to start declining gradually from very high levels from September onward.
Japan Airlines Co., Ltd.Revenue rose but net profit plunged 80.2% on soaring fuel costs; surcharges may ease from September.
ANA Holdings Inc.Record revenue but net profit fell 15.4% due to higher fuel costs from Middle East conditions.