SOURCE: All Nippon Airways Co Ld

October 28, 2011 02:37 ET

ANA 1st Half Results FY2011

TOKYO--(Marketwire - Oct 28, 2011) -

        ANA Financial Results for the First Half of FY 2011

TOKYO October 28, 2011 - ANA Group, Japan's largest airline group, today
reported its consolidated financial results for the first half (April -
September) of fiscal year 2011. The Group achieved consolidated
operating revenues of YEN704.8 billion in the six months, three per cent
up on the same period the previous year, Operating income at YEN50.1
billion was 11.8 per cent lower while recurring profit was down 17.4
per cent to YEN37.5 billion. Net income for the first half was YEN22.8
billion compared with \13.2 billion a year earlier.

Demand for air travel recovered from the effects of the Great East
Japan Earthquake on March 11. Nevertheless, the short-term outlook
remains unclear due to factors such as the weakening global economy,
steep rises in crude oil prices, and volatility in exchange rates and
equity markets.

In light of the prevailing economic conditions, ANA has sought to
minimize the impact of the earthquake by promoting various initiatives
to stimulate demand and reduce costs and continued its YEN30 billion
efficiency program to minimize the impact on revenues.

During the six month period, ANA also moved steadily ahead with its
corporate strategy. On August 31 ANA established AirAsia Japan Co.,
Ltd. It also took delivery of the first Boeing 787 Dreamliner
(September 26, JST), which is currently undergoing preparations to
commence regular service on November 1.

Please refer to the following URL for the detailed report; 

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