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ANA profits surge, KAL sinks

2-May-2008

All Nippon Airways (ANA) reported a doubling of net profit in the 12 months ended 31-Mar-08, thanks largely to extraordinary gains from the sale of hotel properties. Domestic yields rose 3.5% and international 5.9%, but operating profits eased 8.5% as fuel costs surged, resulting in an operating margin for the year of 5.7%. [442 words]

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