News
ANA and JAL interim results well in the black
November 4th 2016
ANA Holdings, parent of All Nippon Airways (ANA), on Monday reported a net interim profit of 57.4 billion yen ($546 million) to September 30, up 6.4% year-on-year. Read More » But revenue slipped 2.9% despite a 3.5% cost reduction.
Domestically, ANA trimmed capacity by 0.3% amid 1.7% lower income following the April Kumomoto earthquake. Internationally, the Star Alliance member experienced “solid demand” as it added 11.9% capacity, but with a slight revenue drop off of 0.2%. For the full year, ANA maintains its previous guidance of an 80 billion yen profit, which would be an increase of 1.8 billion yen year-on-year.
ANA rival, Japan Airlines (JAL), did not do as well as predicted for the six months to September 30. It reported a $680 million profit, down 31% over the corresponding year-ago period.
The airline reported a 5.2% revenue decline, outstripping a 1.5% cost reduction, and its international division earned 9.6% less than it did a year earlier after adding 0.8% in extra capacity. The oneworld member adjusted its full-year guidance by 31 billion yen, from 161 to 130 billion yen.
