JAL forecasts to end in the black for FY2022, expecting to recover international passengers to 45% of pre-COVID-19
JAL Group succeeded in increasing revenue and shrinking deficits considerably for FY2021 through its thorough cost reduction efforts and growth of the international cargo business. It has forecasted to end in the black for FY2022.
ANA Holdings considerably improved annual deficits for FY2021, expecting to make a profit for FY2022
ANA Holdings ended FY2021 ending March 31 2022 with much better business results than a year ago, increasing sales and improving deficits, as a result of more thorough cost management to reduce fixed costs.
Sales of 1110 travel companies in Japan reduced by 71.2% to 724.2 billion JPY in total in 2021 from 2,519.7 billion JPY in 2020. Compared to 2019, the total shrank to one-third of 2,771 billion JPY.
JTB Group travel transactions reduced by 30% to 400 billion JPY in 2021 over 2019 despite well-recovery of domestic travel in December
Travel transactions of nine JTB Group companies were up 34.9% year on year to 398.1 billion JPY in 2021, but still down 30.1% compared to 2019 despite a 62.9% increase to 79.8 billion JPY in December 2021.
45 major travel companies of Japan recovered sales in total to nearly 50% of the 2019 level in December 2021
sales of 45 major travel companies increased by 31.6% year on year to 174 billion JPY in total in December 2021. Compared to two years ago, the result recover to a 54% decrease.
KNT-CT considerably improved sales for the first nine months of FY2021 due to an increase in non-travel businesses
KNT-CT Holdings increased sales for the first nine months of FY2021 (April to December 2021) by 71.4% year on year to 104.9 billion JPY because it succeeded in increasing sales of non-travel businesses.
Bankruptcies of hotels and ryokans in Japan reduced in 2021, while the ratio of interest-bearing debt to monthly sales exceeded 30 times
According to Teikoku Data Bank survey, bankruptcies of hotels and ryokans in Japan reduced from 118 in 2020 to in 2021, but he ratio of interest-bearing debt to monthly sales rose largely to 30.13 times as of December 2021.
JAL Group announced better financial results for the first nine months of FY2021, boosted by well-recovery of domestic passenger demands and high international cargo operations.
ANA Holdings resulted in the first operating income in the last eight quarters, boosted by better domestic passenger and cargo
ANA Holdings resulted in the first operating income in the last eight quarters, posting operating income of 100 million JPY for the Q3 of FY2021, boosted by domestic passenger flights and international cargos.
sales of 167 amusement and theme parks in Japan reduced by 50.5% year on year to 425.5 billion JPY in total in FY2020. Top profitable park was Oriental Land operating Tokyo Disney Resort with sales of 146 billion JPY.
Japanese travel companies still suffered from a 37.9% decrease in domestic travel sales in November 2021 compared to two years ago
Sales of 45 major travel companies decreased by 13.7% year on year to 170 billion JPY in total in November 2021. Sales in domestic travel were down 16.5% year on year to 160.9 billion JPY (down 37.9% over two years ago).
HIS doubled its annual deficit to the worst 50 billion JPY for FY2021, expecting overseas travel demand recovery next summer
HIS posted a net loss of 50 billion JPY for FY2021 ended October 31 2021, doubling from the previous fiscal year. Hideo Sawada, HIS President said. “We expect that overseas travel demand may begin recovering the next summer.”
Japanese travel companies still suffered from a 26% decrease in domestic travel sales in October 2021 even after the emergency declaration was lifted
Sales in domestic travel of 45 major travel companies were down 25.7% year on year to 114.2 billion JPY (down 53.6% over two years ago) in October 2021 even after the declaration of a state of emergency was lifted.
JTB reduced domestic travel sales by 11.5% year on year to 31.8 billion JPY in September 2021, down 61.8% compared to two years ago.
JTB forecasts to move into the black for the full year of FY2021, earning more than half of sales from non-travel businesses
JTB announced that it has forecast to move into the black for the full year of FY2021 ended March 31 2022, posting net profit of 6.7 billion JPY for the first six months due to selling of several real estates including its headquarters building.
JAL forecasts 146 billion JPY in deficit for the full year of FY2021, despite financial improvement in Q2
JAL Group has forecasted net loss of 146 billion JPY for the full year of FY2021, resulting in deficit for two yeas in a row. It said that longer time will be needed for full recovery of international passenger demand.
ANA revises downward its FY2021 financial forecast to 100 billion JPY in deficit, suffering long-standing influences from COVID-19
ANA Holdings has revised downward its FY2021 (April 2021 to March 2022) financial forecast to net loss of 100 billion JPY from originally expected net profit of 3.5 billion JPY.
How does Hoshino Resorts CEO foresee recovery of international travel to Japan, saying “It is not so easy”
Yoshiharu Hoshino, Hoshino Resorts CEO, talked about the current business condition and the future business at ‘Hoshino Resorts LIVE 2021 Autumn.' He said international travelers to Japan would not come back easily .
Closed hotels and ryokans for the first nine months of 2021 were already more than those in the last year
Teikoku Data Bank reported that the number of closed hotels and ryokans for the first nine months of 2021 was 143, already more than the last year or the most in the last decade.
HIS increased net loss to 33.2 billion JPY for the third quarter of FY2021 from November 1 2020 to July 31 2021 from 16.7 billion JPY a year earlier, and sales were continuously down 77.4% year on year.