Arab Today, arab today japan\s ana posts losses in q1 on quake
Last Updated : GMT 22:10:31
Arab Today, arab today
Arab Today, arab today

Japan\'s ANA posts losses in Q1 on quake

Arab Today, arab today

Arab Today, arab today Japan\'s ANA posts losses in Q1 on quake

Tokyo - AFP

Japan\'s All Nippon Airways on Friday said it swung to a group operating loss of 8.1 billion yen ($104.2 million) in April-June from profit a year earlier after the March disasters hit demand. The loss compared to a 2.9 billion yen operating profit in the same period in 2010, amid tumbling passenger numbers in the aftermath of the March 11 earthquake, tsunami and meltdowns at the Fukushima Daiichi nuclear plant. The group sank to a net loss of 8.4 billion yen in the first quarter, widening a loss of 5.2 billion yen posted a year earlier. However, the group pointed towards a recovery later in the year, forecasting an annual net profit of 20 billion yen for the year ending March 2012, 14 percent down. The airline held off releasing an earnings outlook in April when announcing results for the business year ended March 2011, due to the uncertain impact of the disasters. \"The losses during the period reflect the severe disruption caused by the Great East Japan earthquake in March which resulted in a significant decline in passenger numbers,\" ANA said in a statement. \"Despite the steady recovery of the Japanese economy during the period, the short-term outlook remains unclear due to factors including restrictions on electric power distribution, the nuclear power shutdown, and a steep rise in crude oil prices,\" it said. While post-quake passenger traffic levels began to pick up in the middle of April, ANA said business demand was showing early recovery but \"recovery in leisure demand is slow; above all, with in-bound passenger numbers significantly down\". Despite the uncertainties, ANA also forecast a 70 billion yen operating income, up 3.2 percent on-year, on revenue of 1.41 trillion, up 3.9 percent. As ANA adopted a 30 billion yen programme to boost demand and cut costs, revenue slipped just 0.6 percent in April-June to 305.0 billion yen from 306.9 billion a year earlier. The airline cut services and deployed smaller planes to cope with the post-quake drop in passenger demand. The Japanese carrier is set to begin services in the third quarter using Boeing\'s 787 Dreamliner after years of delays. Boeing had originally promised to roll out the plane in 2008, but a string of technical mishaps and delays have slowed the testing programme for the jets, heralded as a new generation of highly fuel-efficient mid-sized aircraft. Earlier this month ANA and Southeast Asia\'s largest budget carrier AirAsia said they will form a joint venture to establish a low-cost airline based in Tokyo. ANA also holds a 33.4 percent stake in budget carrier Peach, which aims to begin domestic services out of Kansai International Airport in the western Japanese city of Osaka in March 2012. Shares in ANA closed 1.50 percent lower at 261 yen in Tokyo before the earnings announcement. Tokyo - AFP Japan\'s All Nippon Airways on Friday said it swung to a group operating loss of 8.1 billion yen ($104.2 million) in April-June from profit a year earlier after the March disasters hit demand. The loss compared to a 2.9 billion yen operating profit in the same period in 2010, amid tumbling passenger numbers in the aftermath of the March 11 earthquake, tsunami and meltdowns at the Fukushima Daiichi nuclear plant. The group sank to a net loss of 8.4 billion yen in the first quarter, widening a loss of 5.2 billion yen posted a year earlier. However, the group pointed towards a recovery later in the year, forecasting an annual net profit of 20 billion yen for the year ending March 2012, 14 percent down. The airline held off releasing an earnings outlook in April when announcing results for the business year ended March 2011, due to the uncertain impact of the disasters. \"The losses during the period reflect the severe disruption caused by the Great East Japan earthquake in March which resulted in a significant decline in passenger numbers,\" ANA said in a statement. \"Despite the steady recovery of the Japanese economy during the period, the short-term outlook remains unclear due to factors including restrictions on electric power distribution, the nuclear power shutdown, and a steep rise in crude oil prices,\" it said. While post-quake passenger traffic levels began to pick up in the middle of April, ANA said business demand was showing early recovery but \"recovery in leisure demand is slow; above all, with in-bound passenger numbers significantly down\". Despite the uncertainties, ANA also forecast a 70 billion yen operating income, up 3.2 percent on-year, on revenue of 1.41 trillion, up 3.9 percent. As ANA adopted a 30 billion yen programme to boost demand and cut costs, revenue slipped just 0.6 percent in April-June to 305.0 billion yen from 306.9 billion a year earlier. The airline cut services and deployed smaller planes to cope with the post-quake drop in passenger demand. The Japanese carrier is set to begin services in the third quarter using Boeing\'s 787 Dreamliner after years of delays. Boeing had originally promised to roll out the plane in 2008, but a string of technical mishaps and delays have slowed the testing programme for the jets, heralded as a new generation of highly fuel-efficient mid-sized aircraft. Earlier this month ANA and Southeast Asia\'s largest budget carrier AirAsia said they will form a joint venture to establish a low-cost airline based in Tokyo. ANA also holds a 33.4 percent stake in budget carrier Peach, which aims to begin domestic services out of Kansai International Airport in the western Japanese city of Osaka in March 2012. Shares in ANA closed 1.50 percent lower at 261 yen in Tokyo before the earnings announcement.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s ana posts losses in q1 on quake Arab Today, arab today japan\s ana posts losses in q1 on quake

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s ana posts losses in q1 on quake Arab Today, arab today japan\s ana posts losses in q1 on quake

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday