ANA, JAL eye double-digit net profit drops in FY 2026 amid Mideast conflict

TOKYO - ANA Holdings Inc. and Japan Airlines Co. said Thursday their net profits for the current fiscal year will likely drop by double digits following record earnings a year earlier, as the Middle East conflict weighs on their bottom lines.

Hurt by surging fuel costs, ANA, the parent of All Nippon Airways Co., expects a 43.2 percent drop in net profit to 96 billion yen ($612 million), a bigger fall than its rival JAL, which projected a 20.1 percent year-on-year decline to 110 billion yen.