SOURCE: All Nippon Airways

February 24, 2011 02:03 ET

FY2011-12 ANA Group Corporate Strategy

Two-Year Overhaul Towards Becoming Asia's No. 1 Carrier

TOKYO--(Marketwire - February 24, 2011) - ANA Group, Japan's leading airline group, today announced its FY2011-12 corporate strategy, which is designed to make the group grow into Asia's number one carrier in quality, customer satisfaction, and value creation.

In quality and customer satisfaction, ANA will work to achieve world-class standards in airline safety, while continuing to deliver consistent on-time arrivals across its route network and flight schedule. The airline will also strive to further improve its Skytrax rating from four to five stars to achieve world-class levels of customer service.

In terms of value creation for shareholders, ANA will continue to improve efficiency and maximize profits. ANA is targeting an operating income of 110.0 billion yen with an operating income ratio of 7.3% in FY2011, and 130.0 billion yen in operating income with an operating income ratio of 8.3% in FY2012. As a mid-term target, ANA aims to boost its operation income to 150.0 billion yen or more, with its operating income ratio to become above 10%.

Although further progress has been made in the Open Skies Agreement, future capacity expansion at both Haneda and Narita airports, and expansion of the bullet train services will create increased competition, ANA will focus its efforts in FY2011-12 on meeting these challenges and emerge to an even stronger position.

Corporate Objective      
  FY2010 Forecast FY2011 Target FY2012 Target
  Operating Revenues 1,377 1,500 1,570
    Operating Income 70.0 110.0 130.0
Operating Income Percentage 5.1% 7.3% 8.3%
    Recurring Profit 37.0 70.0 82.0
      Net Income 6.0 45.0 53.0
  Equipment Investment 211.0 227.0 252.0
  Shareholders' Equity 922.0 908.0 910.0
    Free Cash Flow 22.0 30.0 31.0
    International ASK 111.4% 117.4% 113.7%
      Domestic ASK 99.5% 103.2% 99.7%
International cargo ton kilometer 114.4% 119.2% 111.9%
Domestic cargo ton kilometer 98.7% 100.6% 102.4%
*All monetary figures in billions yen, all percentages in comparison with the previous year.

Please refer to the following URL for the specific plans of our strategy;
http://www.ana.co.jp/eng/aboutana/corporate/ir/pdf/lse/lse_110224-2.pdf

Contact Information

  • Contact:
    Ryosei Nomura
    Megumi Tezuka
    ANA Public Relations
    TEL +81-(0)3-6735-1111