Japan’s All Nippon Airways (ANA) reported first-quarter net income of ￥28.1 billion ($348.3 million), up 20.6% compared to ￥23.3 billion last year.
Operating income rose 43% to ￥97 billion and recurring profit increased by 85% to ￥68.4 billion.
ANA attributed its strong performance to an economic gradual recovery following the Japan earthquake and its decisive action in dealing with the rising oil prices, exchange rate fluctuations and euro zone problems, which included implementing cost improvement measures and bringing forward initiatives scheduled for this year into the second half of last year.
Looking ahead, the carrier expressed optimism about the coming years although it acknowledged there will be some issues.
“Despite a number of potential headwinds in the coming 12 months, ANA expects to make further progress in the current fiscal year ending March, 2013, using its strength as a network carrier and the launch of low-cost airline operations to improve overall group performance,” it said in a statement.
Article Source : ATW Daily News
No comments:
Post a Comment