ANA Group Initiates Strategic Reorganization of Cargo Business to Accelerate Growth and Streamline Operations

ANA Holdings Inc. (ANA HD) announced the commencement of a strategic reorganization of its group-wide cargo business companies (Dec 23, 2025).
The move reinforces the ANA Group’s commitment to strengthening its cargo business, maximizing groupwide synergies and positioning the cargo sector as a primary engine of sustainable growth. The reorganization is strategically engineered to accelerate decision-making, optimize cost structures and enhance overall profitability across the cargo segment.
ANA HD’s acquisition of Nippon Cargo Airlines Co., Ltd. (NCA) on Aug. 1, 2025, positioned the group as Japan’s largest combination passenger and cargo carrier. Significant operational synergies between All Nippon Airways Co., Ltd. (ANA) and NCA are actively yielding results, including the mutual utilization of cargo space and the successful launch of cargo codeshare flights on key North American and European routes on Oct. 26. The upcoming reorganization represents the critical next step, designed to fully leverage this robust foundation to unlock maximum strategic advantage.
Recognizing the cargo business as an indispensable pillar of the group’s sustainable growth, ANA HD has conducted extensive analysis to define the optimal organizational structure to create synergies between ANA and NCA. As a result, ANA HD has decided to begin considering and preparing for the reorganization of group-wide cargo business companies in order to further develop strong foundation. The reorganization is targeted for completion by the end of FY2026, with NCA retaining its Air Operator Certificate (AOC). Further details regarding specific entities and the implementation plan will be determined as strategic evaluations continue.
The global cargo market continues to evolve rapidly, driven by dynamic shifts in supply chain demands. Leveraging the reorganization will combine NCA’s robust fleet of dedicated large freighters with ANA’s extensive international passenger and cargo network and the Group’s collective resources. This integrated approach will deliver efficiency, expand service capabilities and provide greater value to global customers, reinforcing ANA HD’s leadership in the air cargo industry.