ANA profits fall for Q1

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By TESTCustomwebLP TESTCustomwebLP August 4, 2016 08:13

ANA profits fall for Q1

All Nippon Airlines (ANA) has reported a 20% decline in net profit to ¥6.6 billion ($65.2 million) during its fiscal first quarter. The Japanese carrier says it was impacted by earthquakes in southern Japan and concerns about terrorist attacks in Europe, with revenue down by 2.3%. Domestic passenger numbers and revenue both dropped 1.2% year-on-year. International revenue was up 3.3%, with passenger numbers increasing 11.6% because of ANA’s rapid international expansion. Capacity and traffic were both up 16% for the international operation.

ANA expects its overall revenue to climb 18.9% for the full fiscal year through March 2017. The carrier projects a net profit of ¥80 billion, up from ¥78.1 billion in the previous year.

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By TESTCustomwebLP TESTCustomwebLP August 4, 2016 08:13