SOURCE: All Nippon Airways Co Ld

January 31, 2012 02:16 ET

ANA 3Q Results FY2011

TOKYO--(Marketwire - Jan 31, 2012) -

ANA Financial Results for the First Nine Months of FY2011

TOKYO January 31, 2012 - ANA Group, Japan's largest airline group,
today reported its consolidated financial results for the first nine
months of fiscal year 2011.

Operating revenues for the first nine months of the fiscal year 2011
rose three per cent to 1,069.8 billion yen, while operating income
increased by 17.3 per cent to 91.1 billion yen and recurring profit by
22.5 per cent to 71.4 billion yen. Net income for the period was 33.7
billion yen compared with 37.5 billion yen the previous year.

Although economic conditions domestically and internationally remain
challenging, ANA is working strenuously to stimulate demand, reduce
costs and improve its competitiveness as a network carrier and in
October became the first airline in the world to operate the new Boeing
787 Dreamliner. As a result of these different initiatives and the
strength of the yen, ANA has revised upwards its forecast for operating
income and recurring profit for fiscal year 2011, although operating
revenues are expected to remain flat.

Japan's economy continues to recover gradually from the Great East
Japan Earthquake on March 11 last year, but the outlook globally
remains uncertain owing to rising oil prices, the government bond
crisis affecting the Eurozone and exchange rate fluctuations. ANA has
responded to this challenging economic environment by working to
stimulate demand for both its domestic and international routes, and
has rolled out approximately 30.0 billion yen in emergency cost
improvement measures to minimize the impact on revenues. From November
1 last year, ANA began flying the Boeing 787, as a world's first
regularly scheduled service, and from January 21, began service on a
new international route, Haneda-Frankfurt, further enhancing its
competitiveness as a network carrier.

Click on, or paste the following link into your web browser, to view
the associated PDF document. 

Contact: Ryosei Nomura and Megumi Tezuka, ANA Public Relations TEL

Please refer to the following URL for the detailed report; 

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