TOKYO--(Marketwire - Oct 31, 2012) -
ANA Group, Japan's largest airline group, today reports its consolidated financial results for the first half (April - September) of fiscal year 2012. Consolidated operating results of the six months included operating revenues of 753.2 billion yen and operating income of 75.3 billion yen which was the highest level on record. Recurring profit of 63.4 billion yen for the period was also a record. Net income for the period was 36.9 billion yen. During the second quarter, the Japanese economy showed underlying strength due to continued expectation of reconstruction demand. Meanwhile, the global economy slowed and conditions remain uncertain due to the external economic environment in Europe and China. Despite such challenging economic conditions, ANA steadily captured solid business and leisure demand during the first half, resulting in a significant increase in revenue compared to thesame period last year. The Group also made good progress implementing the cost structure reforms advocated under the ANA Group FY2012-2013 Corporate Strategy during the period. Efforts toward both increase in revenue and reduction in costs raised the Group's operation income to record levels. While responding to significant changes in the competitive environment within the Japanese airline industry, such as the expansion of capacity of Haneda and Narita, the deregulation of the airline industry and the launch of low-cost carriers, ANA Group enhanced its network by balancing the pursuit of "strength" and "efficiency" as a network carrier. Please refer to the following URL for the detailed report: http://www.ana.co.jp/eng/aboutana/corporate/ir/pdf/tan_121031_e.pdf This information is provided by RNS The company news service from the London Stock Exchange
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