Japan's ANA, JAL say Middle East war lifts fuel costs, no immediate supply issues
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Japan's ANA Holdings and Japan Airlines (JAL) report that the ongoing Middle East conflict is raising fuel costs, but they do not foresee immediate supply disruptions. ANA's CEO expects the impact to diminish by the second half of the financial year, with higher fuel prices estimated to increase costs by 140 billion yen, though mitigated to around 60 billion yen through hedging and cost cuts. JAL also confirms no supply issues for jet fuel and anticipates strong demand across all operations.
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