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ANA Reports Profitable First Quarter for Fiscal 2005
TOKYO July 29, 2005 - ANA today reported a strong financial performance for the first three months of the current fiscal year ended June 30, 2005. Consolidated revenue increased 5.1% to ¥312.3 billion, and operating profit rose 32.6% to ¥11.7 billion, compared with same period in the previous year. A consolidated net profit of ¥2.1 billion was posted, with recurring profit rising 6% to ¥6.2 billion.
 
Consolidated net profit fell ¥0.26 billion or 10.9%, due to an extraordinary loss on the sale of Group owned real property.
 
ANA Group airlines* carried 10.8 million passengers on domestic routes, creating revenue of ¥157 billion. This was an increase of ¥7.7 billion yen or 2.6% from the previous year, bolstered by the opening of the new Central Japan International Airport (Centrair) in Nagoya, and the Aichi World Expo 2005 in that region.
 
International passenger numbers fell by one percentage point to 939,754, affected by anti-Japanese demonstrations in China at the start of the quarter. However, this was mainly a leisure travel phenomenon with business travel demand remaining robust. Demand on European and North American routes, and to resort destinations was strong, the latter being aided by a favourable Golden Week** holiday period. International passenger revenues came in at ¥52.7 billion, an increase of ¥2.7 billion year-on-year.
 
Load factors for the three month period were 62.2% for domestic, and 71.8% for international services. Passengers were carried over 9.3 billion domestic and 4.4 billion international Revenue Passenger Kilometers (RPKs).
 
Cargo services showed a robust performance with total revenue up 9% to ¥19.5 billion, breaking down into ¥7 billion domestic and ¥12.5 billion international. ANA Group airlines carried 100,816 tonnes of cargo on domestic routes, an increase of 2%, while international cargo demand remained almost flat with a marginal increase of 0.8 percentage points to 57,588 tonnes.
 
The result was an increase in operating profit of 27% to ¥10.1 billion on revenue of ¥258 billion, which was in turn was up by ¥13.3 billion or 5% year-on-year.
 
For the period under review, oil prices remained approximately 50% higher than the same period of the previous year. Thanks to a combination of oil price hedging and the assignment of more efficient and smaller aircraft where appropriate, increases in fuel costs were contained at only 20%.
 
ANA will not make any change to its present forecast for the whole year.
 
*ANA Group Airlines: ANA, Air Nippon (ANK), Air Japan (AJX), A-Net (Air Nippon Network), Air Hokkaido (ADK), Air Central (CRF).
International figures also include code-share flights with United Airlines and Eva Airways.
Domestic figures include code-share flights with IBEX Airlines and Hokkaido International Airlines (Air Do).
 
**Golden Week, April 29 to May 5, is a period of peak travel in Japan in which a series of four national holidays fall in close succession.
 
All comparisons are year-on-year
 
Consolidated Financial Results for the First Quarter ended June 30, 2005 (36KB)
 
Contact
Rob Henderson, Public Relations: r.henderson@ana.co.jp
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