All Nippon Airways net income up 20.9% in 2011

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Japanese airline All Nippon Airways (ANA) has reported a 20.9% increase to yen (Y) 28.1 billion ($347 million) in its net income for the 2011 financial year ended 31 March 2012.

The carrier's operating revenue for 2011 grew 4% to Y1.4 trillion, while its operating expenses increased 1.9% to Y1.3 trillion, compared with 2010. ANA's operating income stood at Y97 billion, up 43.1% from the year prior.

The airline's domestic passenger revenue for the 2011 financial year was at Y652 billion, a year-on-year decline of 0.2%.

Domestic RPKs fell by 3.9% and ASKs fell by 0.1%, resulting in a decline of 2.4 percentage points in its load factor to 60.9%. The carrier's passenger numbers declined 3.8% year on year to 39 million in 2011.

For international passengers, revenue for the period was at Y320 billion, an increment of 14% compared with the 2010 financial year.

International RPKs and ASKs increased 13% and 15.6% respectively leading to a 1.7 percentage points drop in load factors to 73.7%. International passenger numbers grew 13.8% year on year to 5.88 million.

On the cargo front, ANA carried 467,000 tonnes of freight in the domestic market in the 2011 financial year, up 3% from 2010. In the international market, the airline carried 570,000 tonnes of freight for the financial year 2011, up 2.4% year on year.

For the fourth quarter of 2011, the airline posted a net loss of Y5.6 billion, up by Y8.6 billion from the same period a year earlier.

Operating revenue for the three months ended 31 March 2011 totalled Y341.6 billion, up by Y23.1 billion from the same period a year earlier, while operating expenses fell by Y7.3 billion to Y336 billion, resulting in an operating income of Y5.8 billion, a year-on-year increase of Y15.7 billion.

In the fourth quarter of 2011, ANA's domestic RPKs and ASKs increased 4.8% and ASKs 0.2% respectively, resulting in a load factor of 60%.

International RPKs and ASKs increased by 21.8% and 9.7% respectively leading to a load factor of 76.2%.

For the financial year 2012, the group expects to stimulate demand by increasing the deployment of Boeing 787 aircraft by launching new routes, including Tokyo Narita-Seattle, Tokyo Narita-San Jose and Tokyo Narita-Myanmar.

In 2012, ANA expects operating profit and recurring profit to increase by Y12.9 billion to Y110 billion and Y1.5 billion to Y70 billion respectively. The carrier expects its operating revenues to grow by Y88.4 billion to Y1.5 trillion in 2012.

ANA expects its net income to grow by Y11.8 billion from the figures posted in 2011 to Y40 billion in 2012.