Friday, 27th April 2012
In Japan Travel News,
All Nippon Airways reports record full-year profits
Last year was a successful one for Japanese airline All Nippon Airway (ANA), with the company posting record profits in its annual results.
Efficiency savings and a surge in demand for international flights helped ANA record operating profits of $1.2 billion for the financial year ending in March, AFP reported.
Revenue at the company climbed four per cent to reach 1.41 trillion yen and its net profit increased by more than 20 per cent to 28.18 billion yen.
In a statement released today (April 27th), ANA said that the measures it took to increase demand while cutting costs were reflected in its strong performance - suggesting that the year ahead will be just as fruitful.
"Despite a number of potential headwinds in the coming 12 months, ANA expects to make further progress in the current fiscal year ending March 2013," the news agency quoted.
Earlier this week, ANA's rival Japan Airlines revealed it may use its new Boeing 787 planes to fly new routes to Europe.
Written by Mark Smith