ANA Group operating profit almost doubles in 3QFY2012, raises FY forecast

ANA Group revenue up 3% - financial highlights for three months ended 31-Dec-2011:

• Operating revenue: USD4750 million, +2.8% year-on-year;
  • Air transport: USD4248 million, +2.4%;
• Operating costs: USD4217 million, +3.0%;
• Operating profit: USD534 million, +96.2%;
  • Air transport: USD492 million, +102.1%;
• Net profit: USD142 million, +55.0%;
• Passenger numbers:
  • Domestic: 10.3 million, -2.5%;
  • International: 1.5 million, +14.0%;
• Passenger load factor:
  • Domestic: 63.7%, -1.6 ppt;
  • International: 74.1%, -1.8 ppt;
• Passenger yield:
  • Domestic: USD 24.21 cents, +1.6%;
  • International: USD 16.79 cents, +3.2%;
• Passenger revenue per ASK:
  • Domestic: USD 15.36 cents, -0.1%;
  • International: USD 12.36 cents, +1.3%;
• Cargo volume:
  • Domestic: 128,000 tons, +1.9%;
  • International: 151,000 tons, -1.1%;
• Total assets: USD26,009 million, +3.7% when compared to period ended 31-Mar-2011;
• Cash, deposits and marketable securities: USD549.8 million, +14.3% when compared to period ended 31-Mar-2011;
• Total liabilities: USD19,045 million, +4.4% when compared to period ended 31-Mar-2011;
• FY2011 forecast:
  • Operating revenue: USD18,220 million, no difference compared to previous forecast in Oct-2011;
  • Operating profit: USD1171 million, +28.6% compared to previous forecast in Oct-2011;
  • Net profit: USD260 million, no difference compared to previous forecast in Oct-2011. [more - original PR]

*Based on the conversion rate at USD1 = JPY76.8375

ANA Group: "The Group expects to stimulate demand through initiatives such as the introduction of the Boeing 787 on new routes. However, this is likely to be offset by external factors such as the impact of the Thai flood and a worsening economic outlook in Europe because of the bond crisis. Despite this, the Group has left its forecast of consolidated sales for the current fiscal year unchanged. However, both operating profit and recurring profit are expected to increase by JPY20 billion, as a result of the Group's JPY30 billion emergency program and the bringing forward of cost structure reforms due to be implemented in the next fiscal year." Company statement. Source: ANA Group, 31-Jan-2012.