All Nippon Airways reported a profitable 3QFY2011, with ANA Group revenue up 12.5% year-on-year for the three months to 31-Dec-2010 and a net profit of USD291.8 million, compared with a loss of USD118.2 million in the previous corresponding period.
With its trans-Pacific JV coming into play, ANA President Shinichiro Ito stated the carrier will be able to offer more destinations within the US through route expansion with United and Continental Airlines. ANA’s major concern is the availability of the B787. Mr Ito "hopes to receive flawless aircraft and that the delayed delivery B787 will not affect the current business plan".
Shares in ANA were down 1.3% on Monday.
Elsewhere in North Asia, shares in Korean carrier Asiana Airlines tumbled 8.1%, while shares in Korean Air were also down, losing 4.3%. Asiana announced plans to purchase six A380s last month, in a direct challenge to Korean Air, which will take delivery of its first A380 in Jun-2011. However, both carriers are losing domestic and short-haul market share to local and international low-cost carriers. Jeju Air, Eastar Jet, T’way Airlines, Air Busan and Jin Air have all announced plans to expand their international networks this year.
South Korea’s Ministry of Land, Transport and Maritime Affairs reported the nation’s five LCCs reported a combined sales of KRW512.6 billion (USD457.2 million) in 2010, up 93.7% year-on-year, and transported 7.9 million passengers. LCCs increased their domestic market share from 27.4% to 34.7%, and international market share from 0.8% to 3.5%. Jeju Air plans to increase its international revenue share to more than 50% this year.
Selected Asia Pacific airlines daily share price movements (% change): 31-Jan-2011
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