ANA enters earnings sweet spot after tough 2009

All Nippon Airways (ANA) is in reasonable shape to capitalise on an opportunity donated to it by Japan Airlines’ severe post-bankruptcy cutbacks. Market share, trained JAL staff and profits should flow to ANA as the embattled flag carrier wades through its restructuring plan and the economic recovery takes hold. ANA is playing down expectations after revealing a widening of losses in FY2010/11, but even so, ANA faces the best strategic outlook in its corporate history. [951 words]

CAPA Members Login Username: Password: Remember details

Instantly get access to this article now for USD15.00. or If you've already bought this article, you can view it by typing your Article Key:

This report contains the following subheadings:

• To benefit most from Tokyo slot availability
• Stabilising supply and cutting costs
• Losses widen in fourth quarter
• Outlook: Bluer skies ahead for ANA. This could be a very positive period

This report contains the following charts and tables:

• ANA Group operating profit margin and net profit margin: FY2001 to FY2011 (financial year ended 31-Mar)
• ANA group passenger traffic (RPK) growth: FY2001 to FY2011 (financial year ended 31-Mar)
• ANA Group passenger load factor: FY2001 to FY2011 (financial year ended 31-Mar)
• ANA group passenger capacity (ASK) growth: FY2001 to FY2011 (financial year ended 31-Mar)
• ANA Group yield growth: FY2001 to FY2011 (financial year ended 31-Mar)
• ANA Group revenue growth and operating costs growth: FY2001 to FY2011 (financial year ended 31-Mar)