ANA Net Profit Tumbles 36%

An ANA Dreamliner

All Nippon Airways, Japan’s largest airline, announced financial results for the first three quarters of the 2013 fiscal year.  The airline reported net income of ¥33.31 billion, a 36.2% year-over-year decrease.  Operating revenue for this same period was ¥1.212  trillion, a 7.1% increase.

Passenger revenue per available seat kilometer increased by 6.9% in international traffic during the first three quarters of the 2013 fiscal year.  Additionally, these nine months yielded a .3% decrease in passenger traffic, and a decrease of 1.8% in load factor to 74%.

Domestically, passenger revenue per available seat kilometer  increased by 3.5%.  Passenger load factor decreased slightly by .64%, or .4 percentage points, to 62.1%.

For the complete 2013 fiscal year, ANA forecasts net income of ¥15 billion, a 65.2% decrease from 2012.  Operating revenue, however, is expected show a year-over-year increase of ¥96.4 billion, to ¥1.580 trillion, or a 6.1% increase for the fiscal year ended March 31, 2014.

(Photo: Accura Media Group)

CORRECTION – FEBRUARY 1, 2014

The original version of this story expressed certain figures incorrectly because a legend on a chart supplied by ANA was incorrect. The article has been subsequently updated with the correct figures.