ANA Group reports operating profit in 1QFY2012, maintains full-year profit guidance

ANA Group revenue up 13% - financial highlights for three months ended 30-Jun-2012:

• Operating revenue: JPY343,100 million (USD4283 million), +12.5% year-on-year;
  • Air transportation: JPY306,400 million (USD3825 million), +11.7%;
    • Domestic passenger: JPY149,200 million (USD1862 million), +10.9%;
    • International passenger: JPY83,200 million (USD1039 million), +20.2%;
  • Domestic cargo: JPY7600 million (USD94.9 million), -3.5%;
  • International cargo: JPY21,500 million (USD268.4 million), -9.0%;
• Operating costs: JPY332,100 million (USD4146 million), +6.0%;
• Operating profit: JPY11,000 million (USD137.3 million), compared to a loss of JPY8100 million (USD101.1 million) in p-c-p;
  • Air transportation: JPY8900 million (USD111.1 million), compared to a loss of JPY9200 million (USD114.8 million) in p-c-p;
• Net profit: JPY600 million (USD7.5 million), compared to a loss of JPY8400 million (USD104.9 million) in p-c-p;
• Passenger numbers:
  • Domestic: 9.5 million, +16.4%;
  • International: 1.6 million, +25.0%;
• Passenger load factor:
  • Domestic: 58.2%, +4.6 ppts;
  • International: 75.3%, +9.6 ppts;
• Cargo volume:
  • Domestic: 106,000 tons, -1.7%;
  • International: 585,000 tons, +4.0%;
• Cargo load factor:
  • Domestic: 24.7%, -2.8 ppt;s
  • International: 65.0%, -1.5 ppts;
• Total assets: JPY2001 billion (USD25.0 billion), -0.1% when compared to period ended 31-Mar-2012;
• Cash, deposits and marketable securities: JPY562.4 billion (USD7.0 billion), +2.5% when compared to period ended 31-Mar-2012;
• Total liabilities: JPY1475 billion (USD18.4 billion), +1.9% when compared to period ended 31-Mar-2012;
• FY2012 forecast:
  • Operating revenue: JPY1500 billion (USD18.7 billion), +6.3%;
  • Operating profit: JPY110 billion (USD1.4 billion), +13.3%;
  • Net profit: JPY40,000 million (USD49.3 million), +42.0%. [more - original PR]

*Based on the average conversion rate at USD1 = JPY80.11 for the period

ANA Group: "ANA intends to leverage its strengths as a network carrier and to accelerate expansion and improve profitability by putting its international operations at the centre of its growth, including the launch of new routes from Narita to Seattle, San Jose, Yangon and Delhi. Domestic operations will remain as ANA's main base of profit, and the Group will continue to optimise capacity on each route to balance supply and demand and maximise profitability. In the low-cost carrier market, AirAsia Japan, an ANA Group Airline, has now launched services. New routes will be phased in, creating new demand and contributing to the overall profits of ANA Group." Source: Company statement, 03-Aug-2012.