All Nippon Airways Co. said Friday its group net profit in the fiscal first half to Sept. 30 climbed 45.3 percent from a year earlier to 29.89 billion yen due to increases in passenger revenues and the effects of cost-cutting measures.
The company said its consolidated pretax profit jumped 271.1 percent to 53.11 billion yen on revenues of 659.48 billion yen, up 8.4 percent. Per-share net profit came to 19.36 yen, up from 13.42 yen a year before, ANA said.
ANA said international flight services saw the number of passengers rise 36.6 percent to 2.02 million, with revenues up 28.5 percent to 110.4 billion yen from a year before, when it suffered a sharp decline in passenger demand due to the SARS outbreak in Asia.
On domestic routes, the number of passengers dipped 1.3 percent to 22.55 million, but revenues increased 2.5 percent to 337.5 billion yen by selling seats effectively, it said.
Despite increases in revenues and profits, ANA said it will continue to skip interim dividend payments.
The company, which also operates hotel and travel businesses, expects to post a full-year group net profit of 14 billion yen and a pretax profit of 29 billion yen on revenues of 1.27 trillion yen.