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direct/ All Nippon Airways Co Ltd announces 3Q Results FY2007

01-31-2008 05:36 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: All Nippon Airways Co Ltd

record revenue, operating income and net income for the nine-month period -

TOKYO January 31, 2008 ANA Group posted a record consolidated net income of 117.9 billion yen on record revenue of 1.14 trillion yen for the nine month period ended December 31, 2007, a 176.9% and 0.6% increase respectively. Net income was boosted considerably by the sale of ANA Group´s hotel assets on June 1 last year and is the highest ever posted for the period under discussion. Operating income -at 93.9 billion yen or a 2.5% increase -is also a record for the nine-month period, despite the loss of revenue from the hotel business, and was buoyed by the performance of the airlines within the group.

"Improved debt to equity ratio and a set of pleasing results nine months through the current fiscal year, hopefully evidence a strong financial base and sound management that has allowed us to remain profitable, despite increasing competition and sky high oil prices," said Tomohiro Hidema, ANA executive vice president Finance & Accounting. "International services proved particularly strong, bringing just short of 15% more revenue, thanks mainly to strong business travel demand, while at home passenger numbers fell a little less than two percentage points, showing that we must continue our efforts to spur demand and provide more of what the customer wants. And we will also continue with our efforts to contain costs -in spite of an extra 22.4 billion yen added to our fuel bill compared with last year, we have so far managed to keep total costs at the much lower level of 4.7 billion yen," he added.

The following refers to the nine month period April 01-December 31, 2007. For results for the three months from October 01-December 31, please see the charts at the end of this release.

For detailed results, please refer to the attachment to the press release:

For detailed results, please refer to the attached explanation.

Rob Henderson, Public Relations:

Notes for Editors
- All monetary figures are given in billions of yen rounded down; other figures and percentages are rounded up.
- All comparisons are year-on-year.
- ANA Group airlines comprise: All Nippon Airways (ANA), Air Nippon (ANK) Air Japan (AJX), Air Nippon Network (A-Net), Air Central (CRF).

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