Regional Round-Up
Sweet and sour for ANA
February 1st 2013
All Nippon Airways (ANA) has been hit hard by the grounding of its B787 fleet since the turn of the year, but the ANA Group enjoyed record figures in the first nine months of its 2012 financial year. Read More »
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| ANA: record profit |
Net income was up 54.6% to 52.2 billion yen (US$568.98 million), but operating revenue and recurring profit reached record figures of 107.5 billion yen and 89.1 billion yen respectively, increases of 18% and 24.7% over the same period last year. Operating revenue was 1,132.1 billion yen, up 5.8% on 2011.
Said ANA president and CEO, Shinichiro Ito: “The Japanese economy experienced a period of relative weakness during the period, against the slowdown in the global economy. Despite this, ANA performed well with demand remaining solid from both business and leisure travellers.
“While responding to significant changes in the competitive environment within the Japanese airline industry, including the expansion of the slot capacity of Haneda and Narita [airports], further progress in deregulation of the airline industry and aggressive route expansion by LCCs [low-cost carriers], ANA continued to promote the enhancement of its network by balancing the pursuit of ‘strength’ and ‘efficiency’ as a network carrier.
“At the same time, we have made further progress to implement multi-brand strategy and cost structure reforms as part of our 2012-2013 financial year corporate strategy.”
ANA said in the report that despite the grounding of the Dreamliners – it has 17 in service – its forecast for the year remained unchanged with operating revenue at 1,470 billion yen and operating income 110 billion yen.
The carrier estimated that the 459 cancelled flights in January cost it 1.4 billion yen in revenue. ANA has a fleet of 233 aircraft serving a network of 171 routes.
