| Code: 153855 |

TINNews |

A 31.1% year-on-year increase in international cargo revenue to ¥12.9bn helped Japan’s All Nippon Airways (ANA) to record profits in the first half of the financial year (April-September).

International cargo benefited from a strong outbound performance to overseas destinations thanks to robust demand, especially for automobile parts to North America and Europe, said the carrier.

In September 2014, ANA and Germany’s Lufthansa Cargo announced a strategic air cargo joint venture on routes between Japan and Europe.

Cargo from outside Japan also saw strong growth in volume and revenues as ANA captured business from China and other parts of Asia to Japan, and also transhipped business from China to North America via its home hubs.

International freight carried was up 9.4% to 500,000 tonnes.

Domestic cargo revenue increased only 0.5% year-on-year. This segment was boosted by price yield improvements and the steady performance of home-deliveries but volume decreased due to factors such as the reduction in cargo handled out of Hokkaido.

Domestic freight carried was down 2.8% to 216,000 tonnes.

Overall, ANA operating revenues were up 11.3% to ¥985bn, operating income was up 28.5% to ¥115bn and ordinary income up 35.1% to ¥112.7bn compared with the same period last year. Performance was boosted also by a strong performance from international passenger services.

However, the net profit of ¥118.3bn reflects the inclusion of exceptional income from new acquisition Peach Aviation.

 

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