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ANA Reports Profitable Fiscal Year 2007
Group Record Consolidated Profit; Group Airlines Report Record Revenue and Int'l Passengers
| Source: All Nippon Airways
TOKYO--(Marketwire - April 30, 2008) - ANA Group today posted a record net income of 64.1
billion yen, a 96% year-on-year increase, in the wake of the sale of its
hotel assets on
June 1 of the period under review. Despite the loss of revenue from the
hotels,
consolidated revenue for the twelve months remained practically unchanged
at
1.48 trillion yen, thanks to a strong performance by airlines within the
Group.
Operating income was squeezed by the rising price of jet fuel and the
accelerated depreciation of aircraft as the Group races to renew its fleet.
As a
result, consolidated operating income fell 8.5% year-on-year to 84.3
billion
yen.
"Airline revenue grew 4% over the past twelve months, driven predominantly
by
strong demand for business travel on international sectors, allowing us to
more
or less make up for the loss of our hotels and maintain consolidated
revenue at
almost the same level as last year's record," said ANA's Tomohiro Hidema,
executive vice president, Finance. "A debt to equity ratio at its lowest
ever
level and an EBITDA of more than 200 billion yen, coupled with this healthy
set
of results, are hopefully signs of good fiscal management and a sound
financial
base. And this is in spite of sky-rocketing fuel prices, a 30 billion yen
bigger
fuel bill and increasing competition at home. We have our customers to
thank for
their patronage and loyalty, and our colleagues who strive to be ever more
productive, seek efficiencies where possible, and try to be innovative in
what
we give to our customers," he continued.
To view the full press release please click below.
http://www.ana.co.jp/eng/aboutana/press/index_sm.html
For detailed results, please refer to the attached explanation.
- Financial Reports
http://www.ana.co.jp/eng/aboutana/corporate/ir/pdf/tan_080430_e.pdf
Notes for Editors
All monetary figures are given in billions of yen rounded down; other
figures
and 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).