What is the ANA discount miles campaign and when does it run?

It is a limited-time ANA miles campaign that lowers redemption levels. Bookings run from February 20 to 28 for April departures. Domestic awards start at 2,900 miles, and select international routes like Manila, Bangkok, and Singapore see large cuts. Availability varies by flight and date.

Which routes see the biggest award ticket discount?

Domestic Japan routes drop to 2,900 miles for April travel. Internationally, example one-way redemptions start from 4,250 miles to Manila and 7,500 miles to Bangkok or Singapore. Specific flights and dates determine availability, so travelers should search flexible dates during the booking window.

How could this affect ANA Holdings 9202.T in the near term?

Lower miles can lift April bookings, improve load factors, and boost ancillary cash flows from taxes and fees. If managed well, award seats come from expected unsold inventory, limiting yield pressure. Watch for guidance on load factor and unit revenue in upcoming updates for confirmation.

What risks could limit the benefits of this ANA miles campaign?

If competitors match discounts, gains may normalize. Fuel prices and yen moves can sway outbound demand and costs. Capacity limits on popular routes may cap upside. The final impact depends on seat availability, customer response, and how effectively ANA controls award inventory.

Global Market Insights

9202.T Stock Today, February 22: ANA Cuts Award Miles to Spur Q2 Demand

ByDanny Kontos February 21, 2026February 21, 2026

ANA discount miles campaign bookings run from February 20 to 28, dropping domestic award tickets for April travel to 2,900 miles and cutting miles on select Asia routes. We explain what this means for ANA Holdings 9202.T as Japan enters the April to June travel period. The move can lift near-term bookings, support load factors, and deepen loyalty engagement. We break down routes, timing, revenue angles, and what investors in Japan should watch next.