ANA income drops during Q1

Dino D'Amore
By Dino D'Amore May 1, 2014 13:25

ANA income drops during Q1

All Nippon Airways parent ANA Holdings has posted a 56.2% decline in net income to ¥18.8 billion ($183 million) for the full 2013 financial year ended March 31, 2014. The group cited the weakness of the Japanese yen that pushed fuel costs 22% higher as the main reason for the decline. Revenue rose by 7.9% however to a record high of ¥1.6 trillion. Operating costs rose 11.3% to ¥1.54 trillion, while and operating income dropped by 36.4% to ¥66 billion.

The airline group carried 3.5% more passengers during FY2013 to 49 million, although loan factor dipped by 0.5 percentage points to 66.8%. ASKs rose by 6.5% to 102.5 billion, with RPKs up by 5.5% to 68.5 billion.

ANA warned that continued high fuel costs, weakness in the yen and tough competition will impact results for the current fiscal year.

Dino D'Amore
By Dino D'Amore May 1, 2014 13:25
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