SOURCE: All Nippon Airways Co Ld

August 03, 2012 05:08 ET

All Nippon Airways announces 1st Quarter Results

TOKYO--(Marketwire - Aug 3, 2012) -

        ANA Financial Results for the First Quarter of FY2012

Tokyo August 3, 2012 - ANA Group, Japan's largest airline group, today
reported its consolidated financial results for the first three months
(April - June) of fiscal year 2012.

Operating revenues during the period rose by 12.5 per cent to \343.1
billion, helping ANA return to profitability for the quarter. Operating
income reached \11.0 billion compared with a loss of \8.1 billion the
previous year, while recurring profit was \4.6 billion (\14.4 billion
loss) and net income for the period was \0.6 billion (\8.4 billion

Passenger revenues and numbers grew on both domestic and international
services compared with the same period in 2011 when demand was
significantly affected by the Great East Japan Earthquake. The increase
in traffic levels also reflected measures to stimulate demand in
domestic markets through the introduction of new affordable fares and
the launch of new international routes.

Although the Japanese economy continues to recover gradually, ANA is
facing a number of headwinds in the shape of a slowing world economy,
the growing government debt crisis in Europe and increased competition,
both through the liberalization of Japanese aviation and slot expansion
at Tokyo's airports and the start of full-scale operations by Low Cost
Carriers in Japan.

In response to this, ANA is expanding its routes as a network carrier
and continue the cost-competitive measures as set out in the Group
Corporate Strategy for FY2012-13.

The following results refer to the three month period April - June,
2011. Results for the first quarter of fiscal year 2011 are given for
reference only and appear in the right side of each table.

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