TOKYO--(Marketwire - April 30, 2008) - ANA Group today posted a record net income of 64.1 billion yen, a 96% year-on-year increase, in the wake of the sale of its hotel assets on June 1 of the period under review. Despite the loss of revenue from the hotels, consolidated revenue for the twelve months remained practically unchanged at 1.48 trillion yen, thanks to a strong performance by airlines within the Group. Operating income was squeezed by the rising price of jet fuel and the accelerated depreciation of aircraft as the Group races to renew its fleet. As a result, consolidated operating income fell 8.5% year-on-year to 84.3 billion yen.

"Airline revenue grew 4% over the past twelve months, driven predominantly by strong demand for business travel on international sectors, allowing us to more or less make up for the loss of our hotels and maintain consolidated revenue at almost the same level as last year's record," said ANA's Tomohiro Hidema, executive vice president, Finance. "A debt to equity ratio at its lowest ever level and an EBITDA of more than 200 billion yen, coupled with this healthy set of results, are hopefully signs of good fiscal management and a sound financial base. And this is in spite of sky-rocketing fuel prices, a 30 billion yen bigger fuel bill and increasing competition at home. We have our customers to thank for their patronage and loyalty, and our colleagues who strive to be ever more productive, seek efficiencies where possible, and try to be innovative in what we give to our customers," he continued.

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For detailed results, please refer to the attached explanation.

- Financial Reports

Notes for Editors

All monetary figures are given in billions of yen rounded down; other figures and percentages are rounded up.

All comparisons are year-on-year.

ANA Group airlines comprise: All Nippon Airways (ANA), Air Nippon (ANK) Air Japan (AJX), Air Nippon Network (A-Net), Air Central (CRF).

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