 |
|
|
|
ANA Reports Profitable First
Six Months to Fiscal Year 2007
- record revenue on strong international
growth - |
|
|
|
TOKYO October 31, 2007 - ANA Group today reported a record consolidated net profit
of ¥105.5 billion on record revenue of ¥763.2 billion for first six
months of fiscal year 2007, ended September 30, a 217% and 1.4%
increase respectively. Net profit was boosted considerably by the
sale of ANA Group’s hotel assets on June 1 this year and is the
highest ever posted at the mid-term point. Operating profit fell
2.5% to ¥67.0 billion, squeezed by the rising cost of jet fuel and
the loss of income from the hotel business.
“This is a pleasing set of results for ANA Group,
and demonstrates that our strategy to crate a solid financial base
capable of weathering changes in the market is bearing fruit,” said
Tomohiro Hidema, ANA executive vice president Finance &
Accounting. “We posted our largest ever consolidated revenue at the
mid-year point, despite losing the revenue of our hotel business –
which last year accounted for around ¥30 billion for the first half
of the fiscal year. Furthermore, in spite of a ¥12 billion rise in
costs, mainly attributable to fuel, our operating profit was only
affected to the tune of ¥1.6 billion. This is thanks to a strong
performance by our international passenger and cargo air transport
services, which both showed a revenue increase of around 20%, to
holding our position in the domestic market and to our efforts to
control costs,” he continued. |
| |
 |
| |
| ANA Group consists of airlines, travel and other
businesses, and in the previous financial year also owned and
operated a chain of hotels. Each business segment performed as
follows: |
| |
 |
| |
Domestic Air Transport
In the
first three months of the year, local and Upper House elections
coupled with a more competitive environment affected the number of
passengers ANA carried. Although demand for leisure travel rallied
towards the end of the period under review, a drop of 1.5% was
recorded in the number of passengers travelling ANA for the entire
six months. Notwithstanding, a revenue increase for the period was
posted, attributed to: fare revisions in April and greater
flexibility in the setting of discount fares; improvements to ANA’s
network - including the cutting of unprofitable routes, the more
efficient assignment of aircraft to profitable routes and the start
of code-sharing operations with Starflyer; and the roll-out of
revolutionary SKiP system for boarding aircraft, which does away
with the need to check-in, thus facilitation customer
travel. |
| |
 |
| |
International Air Transport
The
number of passengers travelling on international flights grew by 8%
compared with the previous term. More flights were introduced on the
Narita-Guangzhou route, aircraft were down-gauged on Nagoya-Shanghai
to better match aircraft size to demand, and the fuel-efficient
Boeing 777-300ER was introduced on alternate days onto the
Tokyo-London route. As such, ANA was able to reduce costs and
increase revenue generating capacity.
In September, ANA entered the rapidly growing market
for travel between India and Japan with its six times per week
Tokyo-Mumbai service – ANA Business Jet – using a Boeing 737-700ER
in an all-business class configuration. All in all, 17% increase in
revenue was reported. |
| |
 |
| |
Cargo
Domestic revenue and cargo
volumes remained at almost the same levels as the previous term,
despite greater competition. Internationally, ANA bolstered its
fleet of four dedicated freighter aircraft with two wet-leased from
ABX Air of the USA, increasing capacity by more than 70%
year-on-year. As a result, volumes were up by nearly 35% and revenue
by 20%. |
| |
 |
| |
Outlook for FY2007
No change is
expected from the forecast announced on April 27 this
year. |
| |
 |
| |
Contact
Rob
Henderson, Public Relations: r.henderson@ana.co.jp |
| |
Notes for Editors
– All monetary figures are given in billions of yen rounded
down, percentages are rounded up.
– All comparisons are
year-on-year.
– ANA Group airlines comprise: All Nippon Airways
(ANA), Air Nippon (ANK) Air Japan (AJX), Air Nippon Network (A-Net),
Air Central (CRF). |
|
|
