ANA Group Revises Upward Profit Forecast for Fiscal 2003
Tokyo (ots)
ANA Group has revised its financial forecast for the current fiscal year, which began on April 1 2003 and ends today. A revised consolidated net profit of 21.5 billion yen, up from 17.5 billion yen, is forecast on revenues of 1.217 trillion yen. An increased operating profit of 30 billion yen, up from 21 billion yen, is also forecast.
The increased earnings forecast is attributed to strong business travel demand, particularly on European and US routes, and aggressive cost reduction measures.
A summary of the revised forecast on a Group consolidated basis and ANA Parent Airline basis is as follows:
Consolidated Basis
Unit: 100 million yen
Revenue Operating Recurring Net
Profit Profit Profit
(loss) (loss) (loss)Revised 12,170 300 280 215 forecast
Forecast as of 12,180 210 140 175 October 31, 2003
Difference -10 90 140 40
Previous 12,159 (25) (172) (282) Fiscal year
Non-consolidated (ANA Parent Airline) Basis
Unit: 100 million yen
Revenue Operating Recurring Net
Profit Profit Profit
(loss) (loss) (loss)
Revised 9,685 215 210 80
forecastForecast as of 9,630 150 105 65 October 31, 2003
Difference 55 65 105 15
Previous 9,405 (82) (200) (170) Fiscal year
Contact Rob Henderson, Public Relations, r.henderson@ana.co.jp
ANA came into existence in 1952, and over 50 years later is now one of the top ten largest airlines in the world, carrying with its sister companies almost 51 million passengers every year to 45 destinations in Japan, and to 20 overseas cities in Asia, Europe and the United States. As a member of Star Alliance, the world's foremost airline alliance, ANA passengers enjoy seamless access to a network of over 700 airport destinations in 128 countries, and reciprocal benefits such as mileage accrual and redemption, and lounge access.
This information is provided by RNS The company news service from the London Stock Exchange
Contact:
Tetsuya Sudo
00 81 3 5756 5661