JAPAN: ANA posts first half $278 million loss
JapanÃ¢â‚¬™s second-largest air carrier All Nippon Airways posted a first half fiscal 2009 loss of US$278 million for the year ending 30 September, compared with a group net profit of $242 million a year earlier. The ANA groupÃ¢â‚¬™s revenue from its overall operations tumbled 18.8 per cent in the April-September period from the same six-month […]
November 1, 2009
ANA attributed the dismal results in the first half of fiscal 2009 to declining domestic and international passenger numbers and slumping cargo volume, especially on international routes.
Ã¢â‚¬Å“While we have implemented a range of measures to boost revenues and cut costs, we were unable to offset the slump in demand and fall in unit prices,Ã¢â‚¬Â ANA said in a statement.
ANAÃ¢â‚¬™s group revenue from its international cargo operations plunged 44.8 percent in the April-September period on a year-on-year basis to $251 million. The ANA group carried 186,000 tonnes of freight on its international routes during that period, down 5.5 per cent. The ANA groupÃ¢â‚¬™s international freight transportation volume during the same period totaled 819 million tonne kilometers, down 10.4 per cent.
ANAÃ¢â‚¬™s group revenue from its domestic cargo operations also fell 3.8 percent in the first half of fiscal 2009 on a year-onyear basis to $173.6 million. The ANA group carried 229,000 tonnes of freight on its domestic routes between April and September, down 2.5 percent, and its domestic freight transportation volume during the same period amounted to 227 million tonne kilometers, down 0.8 per cent.