All Nippon Airways moves to net loss of Y6.6 bn in fiscal Q1

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Japanese carrier All Nippon Airways' (ANA) swung to a net loss of yen (Y) 6.6 billion ($67.2 million) for the fiscal first quarter of 2013 compared with a profit of Y600 million for the same period a year earlier.

For the quarter to 30 June, operating revenues increased by 4.4% year on year to Y358 billion, while operating costs rose by 9.6% to Y364 billion. The primary reason for the increase in operating expenses was a rise in fuel costs due to the weakening of the yen. The airline posted an operating loss of Y5.6 billion compared with an operating profit of Y11 billion for the period a year ago.

Domestic passenger revenue decreased by 1.3% to Y147 billion while international passenger revenue increased by 7.5% to Y89.5 billion.

In terms of passenger traffic, domestic RPKs rose by 2.4% while international RPKs grew by 2.1%. Domestic passenger numbers climbed 2% to 9.69 million and international passenger numbers fell by 9.8% to 1.44 million.

Domestic capacity, as measured in ASKs, grew by 4.6% and international capacity rose by 8.2%. The load factors on domestic and international routes stood at 57% and 71% respectively.

On the cargo front, domestic freight carried decreased by 4.8% to 101,000t and international freight carried rose by 11.2% to 162,000t.

For the fiscal year 2013, the carrier expects a net profit of Y45billion, operating revenues of Y1.61 trillion, operating income of Y110 billion and recurring profit of Y80 billion.