Japan’s All Nippon Airways (ANA) has reported a first-quarter net
profit of ¥0.6 billion ($7.54 million), reversed from a net loss of ¥8.4
billion in the year-ago period.
Operating revenue rose 12.5% to ¥343.1 billion as Japan recovered from last year’s tsunami disaster at Fukushima and the strong yen made overseas travel more affordable, ANA said in a statement. ANA’s first reporting period for fiscal year 2012 runs from April 1-June 30.
First-quarter operating income reached ¥11 billion compared to a loss of ¥8.1 billion in the previous year.
“Passenger revenues and numbers grew on both domestic and international services compared with the same period in 2011 when demand was significantly affected by the Great East Japan Earthquake,” ANA said in a statement.
Passenger revenue rose by ¥14.6 billion, an increase of 10.9% compared to a year earlier and load factors increased by 4.6 percentage points to 58.2%. International traffic grew 25% while revenues increased by 20.2% to ¥83.2 billion due to the steady increase in demand.
There was a ¥0.2 billion decrease in domestic cargo revenues, down 3.5% year-on-year, and a
decrease in international cargo revenues of ¥2.1 billion, a 9% decrease year-over-year.
Looking ahead, ANA said it was “facing a number of headwinds in the shape of a slowing world economy, the growing debt crisis in Europe and increased competition” but would not change its 2012 profit forecast of a ¥40 billion net income.
source: atwonline.com
Operating revenue rose 12.5% to ¥343.1 billion as Japan recovered from last year’s tsunami disaster at Fukushima and the strong yen made overseas travel more affordable, ANA said in a statement. ANA’s first reporting period for fiscal year 2012 runs from April 1-June 30.
First-quarter operating income reached ¥11 billion compared to a loss of ¥8.1 billion in the previous year.
“Passenger revenues and numbers grew on both domestic and international services compared with the same period in 2011 when demand was significantly affected by the Great East Japan Earthquake,” ANA said in a statement.
Passenger revenue rose by ¥14.6 billion, an increase of 10.9% compared to a year earlier and load factors increased by 4.6 percentage points to 58.2%. International traffic grew 25% while revenues increased by 20.2% to ¥83.2 billion due to the steady increase in demand.
There was a ¥0.2 billion decrease in domestic cargo revenues, down 3.5% year-on-year, and a
decrease in international cargo revenues of ¥2.1 billion, a 9% decrease year-over-year.
Looking ahead, ANA said it was “facing a number of headwinds in the shape of a slowing world economy, the growing debt crisis in Europe and increased competition” but would not change its 2012 profit forecast of a ¥40 billion net income.
source: atwonline.com
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