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ANA 1H FY2010 Revenues Topped 680B Yen

Tokyo, Nov 10, 2010 (JCN) - All Nippon Airways (ANA) has reported improved income and revenues, brought by tight cost controls and rising passenger demand in the first half of the fiscal year ending March 2011. The company's operating revenues reached 684.1 billion yen and operating income was 56.8 billion yen. Recurring profit was 45.5 billion yen, while net income reached 13.2 billion yen.

Strong demand helped the air transportation business to deliver significantly increased revenues compared to the same period the previous year, which was adversely affected by the global recession and the H1N1 influenza.

ANA also saw improvements in productivity and cost structure as the company continued to implement its ANA Group FY2010-2011 Corporate Plan, which has reduced operating costs across the entire Group. Nevertheless, an extraordinary loss of approximately 14.1 billion yen was recorded, including transfer of provisions linked to anti-trust cases.

By Chris Lui Staff Writer

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