ANA reports net income and revenue increase

admin
By admin July 31, 2014 21:27

ANA reports net income and revenue increase

All Nippon Airways (ANA) has reported a net income of ¥3.5bn ($34.4 million) for the first-quarter of the company’s fiscal year 2014, reversed from a net loss of ¥6.6bn in the same period last year.

ANA said: “Sales growth was supported by good demand for domestic and international air travel and diversification into other airline-related businesses, including cargo. Operating expenses were up due principally to increased fuel costs.”

First-quarter revenues were ¥386.8bn, up 10% year-on-year, while expenses grew 8.2% to ¥386.5bn, resulting in operating income of ¥347 million, reversed from a ¥5.6bn operating loss in the first quarter of FY 2013.

admin
By admin July 31, 2014 21:27