ANA Forecasts Profit to Exceed Slumping Japan Rival JAL's

All Nippon Airways Co. (ANA) aircraft taxi at Haneda Airport in Tokyo.

Photographer: Tomohiro Ohsumi/Bloomberg

ANA Holdings Inc., Japan’s largest airline, forecasts higher net income than rival Japan Airlines Co. this fiscal year, the first time it’s expected to outperform its rival since JAL exited bankruptcy six years ago. ANA is increasing profit as it adds more international flights following an expansion at Tokyo’s Haneda airport, while JAL was restricted in adding new routes until March 2017. JAL was the world’s most-profitable publicly traded airline in the fiscal year ended March 2014.

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