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ANA Reports Record Financial Results for FY2011

ANA Reports Record Financial Results for FY2011

ANA Group today reports consolidated financial results for the fiscal year ended March, 2012.

» Airlines - W | Friday, April 27, 2012 • Air News Times
Operating income and recurring profit for the 12-month period both reached record levels, reflecting measures taken by the group to stimulate demand and cut costs in the face of a challenging economic environment.

Despite a number of potential headwinds in the coming 12 months, ANA expects to make further progress in the current fiscal year ending March, 2013, using its strength as a network carrier and the launch of low-cost airline operations to improve overall group performance.

For the fiscal year ended March, 2012, operating income rose 43 per cent to 97.0 billion and recurring profit increased by 85 per cent to 68.4 billion on the back of a 4 per cent advance in operating revenues to 1,411.5 billion. Net income for the period was 28.1 billion compared with 23.3 billion the previous year. The dividend per share will be 4 yen.

Against the backdrop of a gradual recovery in the domestic economy following the Great East Japan Earthquake, rising oil prices, exchange rate fluctuations and the government debt crisis in the Eurozone, ANA took decisive action in the fiscal year just ended to stimulate demand and improve efficiency. The group rolled out approximately 30.0 billion in emergency cost improvement measures and brought forward other initiatives which had been due for implementation this year as part of a 100 billion cost reduction program into the second half of the year.

ANA also became the first airline in the world to operate the Boeing 787 Dreamliner, introducing the aircraft on domestic services in November, 2011 and on international routes in January this year with the launch of flights from Tokyofs Haneda airport to Frankfurt in Germany. 
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