ANA Holdings Inc
9202: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥7,216.00 | Fjkz | Yrdczdjr |
ANA Earnings: We Lower Estimates on Higher Maintenance Costs; Travel Demand Remains Decent
ANA Holdings' fiscal first-quarter (ending June 2024) net profit of JPY 26.7 billion is somewhat disappointing. It missed our expectations with an operating profit margin of 7.5%, well below the 8.7% we expected to average for the full year. ANA’s share price is down on the news, but we think that it is mainly higher maintenance costs that are a drag, and we predict this will normalize in the next year.