ANA Group targets profitability in FY2011, cuts June quarter loss
ANA Group revenue up 13.7% - consolidated financial highlights for the three months ended 30-Jun-2010:
- Operating revenue: USD3,537 million, +13.7% year-on-year;
- Air Transportation: USD3,165 million, +15.9%;
- Operating costs: USD3,503 million, -2.7%;
- Operating profit: USD33.4 million, compared with a loss of USD488.9 million in p-c-p;
- Air Transportation: 12.7 million, compared with a loss of USD478.5 million in p-c-p;
- "Recurring profit (loss)": (USD33.4 million), compared with a loss of USD569.6 million in p-c-p;
- Net profit (loss): (USD60.0 million), compared with a loss of USD336.7 million in p-c-p;
- Passenger numbers:
- Domestic: 9.6 million, +5.9%;
- International: 1.2 million, +26.2%;
- Passenger load factor:
- Domestic: 61.7%, +6.2 ppts;
- International: 76.9%, +10.3 ppts;
- Cargo volume:
- Domestic: 103,000 tons, -5.1%;
- International: 132,000 tons, +52.3%;
- FY2011 forecast:
- Operating revenue: USD15,681 million, +31.6%;
- Operating profit: USD484.3 million, compared with a loss of USD624.9 million in p-c-p;
- "Recurring profit": USD149.9 million, compared with a loss of USD995.0 million in p-c-p;
- Net profit: USD57.6 million, compared with a loss of USD660.7 million in p-c-p. [more]
*Based on the conversion rate USD1 = JPY86.7309
ANA Group: "This year, while Haneda Airport represents a great opportunity for expansion, ANA will continue to expand its international business. We will also ensure that its planned income recovery and cost reduction plan is implemented, and build a strong cost structure capable of withstanding fluctuation risks," Company statement. Source: ANA Group, 30-Jul-2010.
ANA Group: "While the Japanese economy showed steady recovery during the three month period under review, deflationary effects continued to exert downward pressure, and taking an optimistic view remains difficult. Concerns about a downward economic swing, primarily in Europe, along with moves by our competitors, mean that business conditions going forward will remain uncertain," Tomohiro Hidema, Executive Vice President Finance. Source: ANA Group, 30-Jul-2010.