ANA Holdings reports profit in 1QFY2014, maintains full year forecast

ANA Holdings revenue up 10% - financial highlights for three months ended 30-Jun-2014:

• Operating revenue: JPY386,800 million (USD3787 million), +10.0% year-on-year;
• Operating costs: JPY386,400 million (USD3783 million), +8.2%;
• Operating profit: JPY300 million (USD2.9 million), compared to a loss of JPY5600 million (USD54.8 million) in p-c-p;
• Net profit: JPY3400 million (USD33.3 million), compared to a loss of JPY6600 million (USD64.6 million) in p-c-p;
• Passenger numbers:
• • Domestic: 10.0 million, +2.9%;
  • International: 1.7 million, +17.7%;
• Passenger load factor:
• • Domestic: 59.2%, +2.2 ppts;
  • International: 69.0%, -2.0 ppts;
• Total assets: JPY2198 billion (USD21,518 million);
• Cash on hand and in banks: JPY30,545 million (USD299.1 million);
• Total liabilities: JPY1440 billion (USD14,099 million);
• FY2014 forecast:
• • Operating revenue: JPY17,000 billion (USD16.6 billion);
  • Operating profit: JPY85,000 million (USD832.3 million);
  • Net profit: JPY35,000 million (USD342.7 million). [more - original PR - English/Japanese]

*Based on the average conversion rate at USD1 = JPY102.13

ANA Holdings: "Japan's economy is expected to recover slowly as the beneficial effects of the government's economic policies take hold. However, ANA HD remains exposed to any potential downward swing in overseas economies and other factors. ANA HD will continue to execute its Mid-term Corporate Strategy for FY2014-2016, in order to achieve its mid-term profit target, despite the continued high price of fuel and persistent weakness in the Japanese yen. As a result, ANA HD is maintaining its forecasts for the consolidated business outlook for FY2014." Source: Company statement, 30-Jul-2014.