ANA posts increase in sales and profits for ’96

Amid the turbulence that led to the resignation of its three top officials, All Nippon Airways reported pretax profits of 17.3 billion yen in the business year that ended March 31, up 2.9 percent from the previous year.

The airline’s sales increased 4.9 percent to 887.4 billion yen and net profits increased to about 800 million yen, up 26.6 percent, to 3.9 billion yen, recovering from the decrease in the previous business year. Although the carrier managed to post an operating income, the amount dropped 9.3 billion yen, or 34 percent, to 18 billion yen, due to increasing costs such as for fuel oil, commissions paid to foreign firms and sales promotion, the ANA spokesman said.

The number of passengers on international flights rose to 2.67 million, up 17 percent, as a result of launching new flight routes through Kansai International Airport, while passengers on domestic flights increased to 37.05 million, 5 percent up. However, revenue from passenger service did not catch up with the growth in passengers due to the decrease in fare per passenger after new discount fare systems were launched last year, the spokesman said. Revenue from international cargo showed steady growth with the monthly figure occasionally exceeding that of domestic cargo revenue, the spokesman added.