ANA Group reported its consolidated financial results for the first nine months of fiscal year 2011. Operating revenues for the first nine months of the fiscal year 2011 rose three per cent to ¥1,069.8 billion, while operating income increased by 17.3 per cent to ¥91.1 billion and recurring profit by 22.5 per cent to ¥71.4 billion. Net income for the period was ¥33.7 billion compared with ¥37.5 billion the previous year.
Although economic conditions domestically and internationally remain challenging, ANA is working strenuously to stimulate demand, reduce costs and improve its competitiveness as a network carrier and in October became the first airline in the world to operate the new Boeing 787 Dreamliner. As a result of these different initiatives and the strength of the yen, ANA has revised upwards its forecast for operating income and recurring profit for fiscal year 2011, although operating revenues are expected to remain flat.
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