SOURCE: All Nippon Airways Co Ld
TOKYO--(Marketwire - Oct 31, 2012) -
ANA Group, Japan's largest airline group, today reports its consolidated
financial results for the first half (April - September) of fiscal year
Consolidated operating results of the six months included operating
revenues of 753.2 billion yen and operating income of 75.3 billion yen
which was the highest level on record. Recurring profit of 63.4 billion
yen for the period was also a record. Net income for the period was
36.9 billion yen.
During the second quarter, the Japanese economy showed underlying
strength due to continued expectation of reconstruction demand.
Meanwhile, the global economy slowed and conditions remain uncertain
due to the external economic environment in Europe and China.
Despite such challenging economic conditions, ANA steadily captured
solid business and leisure demand during the first half, resulting in a
significant increase in revenue compared to thesame period last year.
The Group also made good progress implementing the cost structure
reforms advocated under the ANA Group FY2012-2013 Corporate Strategy
during the period. Efforts toward both increase in revenue and
reduction in costs raised the Group's operation income to record
While responding to significant changes in the competitive environment
within the Japanese airline industry, such as the expansion of capacity
of Haneda and Narita, the deregulation of the airline industry and the
launch of low-cost carriers, ANA Group enhanced its network by balancing
the pursuit of "strength" and "efficiency" as a network carrier.
Please refer to the following URL for the detailed report:
This information is provided by RNS
The company news service from the London Stock Exchange