Dependence on Air Passenger Numbers and Airline Performance

「The number of foreign visitors to Japan continued to increase, and passenger numbers at Haneda Airport remained firm, exceeding the previous year on both domestic and international routes.」

「Passenger numbers at Haneda Airport remained firm throughout the fiscal year. Domestic passenger numbers exceeded the previous year and reached more than 90% of 2019, before the impact of COVID-19, on a calendar-year basis. International passenger numbers exceeded the previous year, which had been a record high, by approximately 20%.」

「During the second quarter (July to September), domestic passenger numbers at Haneda Airport exceeded the previous year by approximately 5%, despite flight cancellations caused by a typhoon in August. International passenger numbers increased for both Japanese and foreign passengers due to phased increases in flight frequency and other factors, exceeding the previous year by nearly 20%.」

「Passenger numbers at Haneda Airport increased approximately 15% from the previous period on domestic routes, recovering to approximately 90% of 2019, before the impact of COVID-19, on a calendar-year basis. International passenger numbers were just under three times the previous period and reached a record high, exceeding 2019.」

「During the third quarter (October to December), domestic passenger numbers at Haneda Airport increased by slightly less than 10% year on year and recovered to approximately 90% of 2019, before the impact of COVID-19. International passenger numbers more than doubled year on year, reaching a level slightly below 10% above 2019.」

「During the second quarter (July to September), domestic passenger numbers at Haneda Airport were 1.2 times the previous year and approximately 85% of 2019, before the impact of COVID-19. International passenger numbers were more than four times the previous year, slightly exceeding the same period of 2019.」

「During the first quarter (April to June), domestic passenger numbers at Haneda Airport were 1.4 times the previous year and approximately 90% of 2019, before the impact of COVID-19. International passenger numbers were more than seven times the previous year and approximately 90% of 2019.」

「During the consolidated fiscal year, domestic passenger numbers at Haneda Airport were approximately 1.8 times the previous period and approximately 80% of 2019, before the impact of COVID-19, on a calendar-year basis. International passenger numbers were approximately eight times the previous period and approximately 40% of 2019.」

「Passenger numbers at Haneda Airport reached slightly above 70% of fiscal 2019 for domestic routes and approximately 30% for international routes during the cumulative third-quarter period. During the third quarter, domestic passenger numbers recovered to slightly above 80% and international passenger numbers to approximately 50%.」

「During the cumulative second-quarter period, domestic passenger numbers at Haneda Airport more than doubled from the same period of the previous year, reaching approximately 70% of fiscal 2019, before the impact of COVID-19. International passenger numbers increased by more than four times the previous year as entry restrictions were eased in stages, but remained at approximately 20% of fiscal 2019.」

「Domestic passenger numbers at Haneda Airport more than doubled from the same period of the previous year, reaching a level slightly above 60% of fiscal 2019, before the impact of COVID-19. International passenger numbers increased approximately fourfold from the same period of the previous year but remained at a level slightly above 10% of fiscal 2019.」

「Domestic passenger numbers at Haneda Airport increased 38% from the previous period but were down 57% from fiscal 2019, before the impact of COVID-19 became severe. On international routes, demand remained weak despite the gradual easing from March this year of border-control measures strengthened at the end of November last year. Full-year international passenger numbers at Haneda Airport doubled from the previous period but were down 95% from fiscal 2019.」

「Domestic passenger numbers at Haneda Airport recovered to approximately 40% of the same period of 2019 during the nine-month period ended the third quarter and to approximately 60% during the October-to-December period. Meanwhile, on international routes, restrictions on new foreign arrivals and the daily number of arrivals were eased in November, but entry restrictions were tightened again as the Omicron variant spread worldwide, and demand remained weak. International passenger numbers at Haneda Airport remained at a low level, down more than 95% from 2019.」

「Under these economic conditions, demand recovery in the aviation industry has been delayed on domestic routes as the spread of the Delta variant and extensions to the state of emergency, including Tokyo’s fourth declaration in July in response to the renewed spread of COVID-19, have had an impact. On international routes, demand has remained weak amid the worldwide spread of infections. Against this backdrop, domestic passenger numbers at Haneda Airport have steadily moved toward recovery, exceeding the previous year, but remain approximately 70% below the same period of 2019. International passenger numbers at Haneda Airport have also exceeded the previous year, partly because of the acceptance of athletes and other personnel involved in the Tokyo 2020 Olympic and Paralympic Games, but remain at a low level, down more than 95% from the same period of 2019.」

「Against this backdrop, domestic passenger numbers at Haneda Airport exceeded the previous year and gradually moved toward recovery, but were approximately 70% below the same period of 2019. International passenger numbers at Haneda Airport also exceeded the previous year, but remained at a low level, down more than 95% from the same period of 2019.」

「Against this backdrop, domestic passenger numbers at Haneda Airport fell by approximately 54% from the previous period in the third quarter and by more than 75% from January this year, although the decline was not as steep as during the state of emergency last year, and air travel demand gradually recovered toward the end of the fiscal year. Meanwhile, on international routes, the entry of new foreign nationals was suspended entirely from January this year, and strict border-control measures against the coronavirus remained in place. Accordingly, international passenger numbers at Haneda Airport fell by more than 95% from the previous period for the full year.」

「Accordingly, domestic passenger numbers at Haneda Airport recovered steadily from approximately 70% below the previous year in the second quarter to approximately 50% below the previous year in October and November, but declined again in December from the previous month. Meanwhile, on international routes, restrictions were eased from October, including the addition of South Korea, China and other countries to the business and residence tracks and the easing of restrictions on new arrivals from around the world subject to certain conditions. From December onward, however, infections with new COVID-19 variants spread in Europe and restrictions were tightened again. Accordingly, international passenger numbers at Haneda Airport continued to remain more than 95% below the same period of the previous year.」

「Domestic passenger numbers at Haneda Airport, which had fallen by approximately 90% year on year in the first quarter, remained approximately 70% below the previous year in July and August, partly because the number of new infections in Tokyo rose again. From September, however, demand continued to recover gradually, with some flights on certain routes fully booked during the extended holiday period. Meanwhile, for international flights, intergovernmental consultations are under way with countries and regions where the infection situation is relatively stable, with a view to easing entry and exit restrictions for long-term visitors, including those staying for business purposes. Passenger flight traffic on Haneda Airport’s international routes has consequently begun to recover, but passenger numbers have nevertheless continued to remain more than 95% below the same period of the previous year.」

「At Haneda Airport, domestic passenger numbers in April and May, during the state of emergency, fell by approximately 90% or more year on year. … International passenger numbers at Haneda Airport also remained more than 95% below the previous year from April onward.」

「Meanwhile, as the spread of COVID-19 took hold, the aviation industry saw worldwide travel restrictions imposed on international flights, while domestic travel was also discouraged following the government’s declaration of a state of emergency, resulting in a sharp decline in air travel demand.」

「However, the situation remains one in which attention must continue to be paid to trends in visitors from South Korea, uncertainty over the outlook for the Chinese economy, and the impact on passenger demand of the outbreak of a novel virus in China, among other factors.」

「The Group's core businesses are leasing offices and other space in airport passenger terminal buildings, selling goods to air passengers, and providing food and beverage and travel services. The Group is highly dependent on its major airline tenants and its principal customers, air passengers. Fluctuations in international and domestic air passenger numbers caused by changes in the international situation, natural disasters, outbreaks of novel influenza and other factors, as well as airline performance, could materially affect the Group's operating results and financial position.」

「The Group's core businesses are leasing offices and other space in airport passenger terminal buildings, selling goods to air passengers, and providing food and beverage and travel services. The Group is highly dependent on its major airline tenants and its principal customers, air passengers. Fluctuations in international and domestic air passenger numbers caused by changes in the international situation, natural disasters, outbreaks of novel influenza and other factors, as well as airline performance, could materially affect the Group's operating results and financial position.」

「The core of the Group’s business is leasing offices and other space in airport passenger terminal buildings, selling goods to airline passengers, and providing food and beverage and travel services. Accordingly, the Group is highly dependent on trends among airlines, its primary tenants, and airline passengers, its primary customers for goods sales and other services. Fluctuations in the number of domestic and international flights operated and in airline passenger numbers, resulting from changes in the environment surrounding the aviation industry, including changes in the international situation and natural disasters, are considered factors that could materially affect the Group’s operating results.」

「The Group's core businesses are leasing offices and other space in airport passenger terminal buildings, selling goods to air passengers, and providing food and beverage and travel services. The Group is highly dependent on its major airline tenants and its principal customers, air passengers. Fluctuations in international and domestic air passenger numbers caused by changes in the international situation, natural disasters, outbreaks of novel influenza and other factors, as well as airline performance, could materially affect the Group's operating results and financial position.」