2-Aug-2010 11:51 AM

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.