ANA Group’s net income drops 10.9%

ANA Group’s net income drops 10.9%    Tokyo-based ANA Group, parent company of All Nippon Airways Co. Ltd., today reported a 10.9 percent drop in first quarter net profit to 2.1 billion yen ($18.6 million), from 2.4 billion yen in the same quarter fiscal year 2004.
   The ANA Group comprises All Nippon Airways, Air Nippon, Air Japan, Air Nippon Network, Air Hokkaido and Air Central.
   Operating profit rose 32.6 percent to 11.7 billion yen ($104 million), compared to 8.8 billion yen in the same period in the previous year. Consolidated revenue was 312.3 billion yen ($2.8 billion), up 5.1 percent from 297.2 billion yen.
   International cargo revenues jumped 13 percent to 12.5 billion yen ($111 million), while domestic cargo revenue increased slightly by 0.5 percent to 7 billion yen ($62 million.) ANA Group airlines carried a combined 100,816 tons of cargo on domestic routes, an increase of 2 percent, while international cargo demand only saw a marginal increase of 0.8 percentage to 57,588 tons.
   At the same time, All Nippon Airways said it has agreed to buy a fourth Boeing 767-300F freighter aircraft, to be delivered by the end of March 2007.
   All Nippon Airways took delivery of its first 767-300F in September 2002, and has two further aircraft on order for delivery by the end of January 2006. The 45-ton capacity freighters will be used on domestic cargo services, All Nippon Airways said.