31 Jan '11, 7am

ANA swings back into black with $457mn profit

TOKYO: Japan's All Nippon Airways (ANA) Monday reported a group net profit of $457 million in the nine months to December, swinging into the black on surging travel demand. Net profit came to 37.5 billion yen ($457 million) in the nine months, reversing a year-before loss of 35.2 billion yen. ANA, the launch customer for Boeing's delayed 787 Dreamliner jet, also reported an operating profit of 77.7 billion yen in a turnaround from a loss of 37.8 billion yen. Revenue rose 12.5 percent to 1.04 trillion yen. "Demand has remained firm with revenues increasing substantially, especially in the air transportation business, in comparison to the same period the previous year," ANA said in a statement. Air travel demand was severely hit by the swine flu outbreak in the same term the previous year. But the airline left earnings forecasts for the full year to March unchanged, projecti...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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