ANA Q1 net profit drops 15% amid soaring jet fuel prices

CFO remains wary of business impact with Middle East uncertainty All Nippon Airways has been raising fuel surcharges on international flights because of high jet fuel prices caused by conflict in the Middle East. (Photo by Yuki Kohara) TOKYO — ANA Holdings, a major Japanese aviation company, on Wednesday posted its net profit of 19.4 billion yen ($118.6 million) in the three-month period from April to June, down 15.4% from the same period the previous year, amid soaring fuel prices caused by the Iran war.

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