 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
ANA profit triples as Chinese routes recover
Tokyo (AFP) Jul 31, 2006 All Nippon Airways, Japan's second-largest airline, said Monday its net profit more than tripled in the quarter to June helped by rising demand for flights to China and for business travel. Net profit jumped to 7.68 billion yen (67.11 million dollars) in the fiscal first quarter, up from 2.16 billion a year earlier. Operating profit gained 66.1 percent to 19.53 billion yen on revenue of 345.22 billion yen, up 10.5 percent year-on-year. ANA saw a drop in passengers to China in the wake of anti-Japan protests there last year but said traffic on the routes had now recovered, helping to lift international passenger numbers by 16.2 percent to 1.09 million. The airline carried 11 million passengers on domestic routes in the June quarter, up 2.3 percent year-on-year. Revenue from cargo services increased by 8.3 percent. "The gradual recovery of the Japanese economy continued (in the first quarter), driven by strong corporate performance and a recovery in individual consumption," ANA said in a statement. "However, there are still some uncertain factors which could impact corporate performance, including the continued skyrocketing petroleum prices due to the geopolitical situations in the Middle East and Asia," it added. ANA kept its forecast for a full-year net profit of 27 billion yen on revenue of 1.42 trillion yen, citing uncertainties over high oil prices which pushed its fuel bill up 9.5 billion yen in the June quarter year-on-year. Community Email This Article Comment On This Article Related Links China News from SinoDaily.com
China to modernize military, reunify Taiwan, defense minister says
Beijing (AFP) Jul 31, 2006 China will be a force for global peace but it must arm its military with the latest in high-tech weapons and ensure that Taiwan never splits from the mainland, the defence minister said Monday. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
