Quake cut ANA traffic by 25%; China Airlines issues profit warning
All Nippon Airways has estimated domestic passenger numbers declined 25% between 11-Mar-2011 and 21-Mar-2011 as the earthquake and nuclear crisis affected travel in Japan. International traveller numbers declined 15%. Shares in ANA were down 2.2% on trading yesterday.
Also in Japanese news, Qantas Group LCC unit Jetstar is reported close to announcing plans to launch a Japan-based "all-economy" carrier in a joint venture with oneworld member Japan Airlines. Qantas Group is expected to update the market on the cost of the earthquakes in Japan and New Zealand.
Garuda Indonesia Marketing and Sales Director Arif Wibowo stated the carrier expects to report USD2181 million in revenue and a net profit of USD160.7 million in 2011. Garuda Airways shares closed flat on Friday, but jumped 1.9% after the end of trading.
China Airlines Chairman Chang Chia-Juch stated the carrier expects to report a decline in profit for the six months ending 30-Jun-2011 from the USD217 million it reported in 1H2010.
Selected APAD daily share price movements (% change): 26-Mar-2011
