ANA Group’s 1st quarter profit rises 256%

ANA Group’s 1st quarter profit rises 256%    Japan’s ANA Group reported a 255.7 percent jump in first quarter net profit to Yen 7.6 billion ($66.2 million), from Yen 2.1 billion in the same quarter 2005.
   ANA Group’s air transportation division comprises All Nippon Airways, Air Nippon, Air Japan, Air Nippon Network, Air Hokkaido and Air Central. The Tokyo-based group also has interests in the hotel, travel and retail industries.
   ANA’s consolidated operating profit rose 66.1 percent to Yen 19.5 billion ($170 million), compared to Yen 11.7 billion in the same period in the previous fiscal year. Consolidated revenue was Yen 345.2 billion ($3 billion), up 10.5 percent from Yen 345.2 billion.
   ANA’s revenue from international air cargo improved 11.2 percent to Yen 13.9 billion ($121 million), while domestic cargo revenue increased 3.4 percent to Yen 7.3 billion ($63.6 million.) ANA airlines carried a combined 107,689 tons of cargo on domestic routes, a 6.8 percent increase, while international cargo increased by the same rate to 61,516 tons.
   “Price competition with our cargo-business rivals grew fiercer on international lines. In such circumstances, we succeeded in increasing shipping volumes on both international and domestic routes,” ANA Group said.