ANA revenue down 0.6% in 1QFY2012

All Nippon Airways (ANA) revenue down 0.6% - financial highlights for the 3 months ended Jun-2011:

• Operating revenues*: USD3,942.2 million, -0.6% year-on-year;
• Operating costs: USD4,046.9 million, +3.1%;
• Operating income/loss: (USD104.7 million), compared to a operating profit of USD37.5 million in p-c-p;
• Net income/loss: (USD108.6 million), compared to a loss of USD67.2 million in p-c-p;
• Passenger numbers:
  • Domestic: 8.2 million, -14.7%;
  • International: 1.3 million, +4%;
• Passenger load factor:
  • Domestic: 53.6%, -8.0 ppts;
  • International: 65.7%, -11.2 ppts;
• Cargo volume:
  • Domestic: 108,000 tonnes, +4.7%;
  • International: 140,000 tonnes, +6.2%;
• FY2011 forecast:
  • Operating revenues: USD18,224.7 million, +3.9%;
  • Operating income: USD904.8 million, +3.2%;
  • Net income: USD258.5 million, -14.2%. [more]

*Based on the conversion rate USD1 = JPY77.3675

ANA: "A gradual recovery is taking place in domestic and international passenger numbers and this is supported by increased demand due to reconstruction work and signs of improved consumer confidence. However, we do not expect demand to return to pre-earthquake levels until the end of this fiscal year. In these circumstances, we will continue to pursue our strategy of strengthening revenues by stimulating demand with the aim of becoming Asia's Number One airline," Source: Company statement, 29-Jul-2011.