ANA Holdings operating profit down in 1QFY2016, maintains forecast despite intensifying competition

ANA Holdings revenue down 2% - financial highlights for three months ended 30-Jun-2016:

• Operating revenue: JPY404.4 billion (USD3748 million), -2.3% year-on-year;
• • Domestic passenger: JPY150.5 billion (USD1395 million), -1.2%;
  • International passenger: JPY123.3 billion (USD1143 million), +3.3%;
  • Cargo: JPY27.5 billion (USD254.9 million), -23.6%;
• Operating costs: JPY390.2 billion (USD3616 million), -1.7%;
• Operating profit: JPY14.1 billion (USD130.7 million), -15.6%;
• Net profit: JPY6.6 billion (USD61.2 million), -20.7%;
• Passenger numbers:
• • Domestic: 9.8 million, -1.2%;
  • International: 2.1 million, +11.6%;
• Passenger load factor:
• • Domestic: 61.1%, -0.1 ppt;
  • International: 73.0%, stable;
• Total assets: JPY2227 billion (USD20.6 billion);
• Cash and cash equivalents: JPY58.7 billion (USD543.6 million);
• Total liabilities: JPY1459 billion (USD13.5 billion);
• FY2016 forecast:
• • Operating revenue: JPY1810 billion;
  • Operating profit: JPY145 billion;
  • Net profit: JPY80 billion. [more - original PR - English/Japanese]

*Based on the average conversion rate at JPY1 = USD0.009268

ANA Holdings: "Japan's economy is expected to continue recovering gradually due to factors including the effect of various government policies. However, the business environment is expected to be affected by various additional risks such as downturn in overseas economies. Competition in both domestic and international markets is also expected to intensify." Source: Company statement, 03-Aug-2016.