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direct/ All Nippon Airways Co Ltd: Final Results FY2006

04-27-2007 04:46 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: All Nippon Airways

/ PR Agency: directnews
ANA Reports Profit for Fiscal Year 2006

- three consecutive years of record revenue, two of record operating profit -
- passenger load exceeds 50 million for first time-

TOKYO April 27, 2007 ANA Group today posted a record consolidated operating profit of 92.1billion yen on a record consolidated revenue of 1.48 trillion yen for the twelve months ended March 31, 2007. This represents a year-on-year improvement of 3.8% and 8.8 % respectively. Consolidated net profit for the period was 32.6 billion yen, the second highest in ANA´s history and 22.2% better than the FY2005. The Group´s highest net profit was posted in FY 2000. Costs incurred by the return of leased aircraft resulted in a 6.3% drop in recurring profit to 62.5 billion yen.

"We have seen strong demand for both business and leisure travel in tandem with the performance of the Japanese economy as whole," said Mineo Yamamoto, President and CEO of ANA. "Coupled with improvements to our network, more flights and new fares, these have contributed to the excellent results announced today". "However, profit has been squeezed by a fuel bill that is 31.3% higher than last year. We will keep doing our best to tackle rising costs, and thank our customers, who have had to share part of that burden, for their loyalty," he continued.

All in all, the number of passengers carried on domestic routes increased 2.2%, despite 2006 being a year with no specific events to stimulate demand, such as the previous year´s Aiichi World Expo, which buoyed up the number of passengers travelling on domestic services in 2005.

Contact
Rob Henderson, ANA Public Relations: r.henderson@ana.co.jp

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