ANA Holdings Inc. reported Friday a record group net profit in fiscal 2016 on lower fuel costs and cost-cutting efforts, while the nation's other major carrier, Japan Airlines Co., saw its profit fall.

In the business year ended March 31, ANA, the parent of All Nippon Airways Co., said its consolidated net profit grew 26.4 percent from the preceding year to ¥98.83 billion.

The company's group operating profit rose 6.7 percent to ¥145.5 billion, also a record high, although its sales fell 1.4 percent to ¥1.7 trillion on lower surcharge revenue and a firmer yen. That dented its overseas revenue in yen terms.