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ANA Announces Recording of Extraordinary Loss
| Source: All Nippon Airways
TOKYO--(Marketwire - April 30, 2008) - On April 30, 2008, ANA announced the recording of an
extraordinary loss for the fiscal year ended March 31, 2008. The details
are as follows.
1. Details of the extraordinary loss
As announced on December 22, 2007, ANA received a Statement of Objectives
on December 21, 2007, from the European Commission anti-monopoly
authorities with respect to alleged anti-competitive behavior in air
freight transport services. The allegations are based on evidence held by
the European Commission and provided to them by other companies.
ANA has cooperated fully with the European Commission and has thoroughly
investigated the allegations through its lawyers. However, to prepare for
the possibility of a future loss relating to this matter, ANA has recorded
an 'Anti-monopoly related allowance' as an extraordinary loss for the
fiscal year ended March 31, 2008. The allowance is for an estimated amount
at the present time.
2. Amount of Extraordinary Loss
16,198 million yen
The above amount is an estimate only and may be revised in line with
changes as they arise.