ANA reports rising revenues but declining volumes

posted on 6th November 2018 by Justin Burns
ANA reports rising revenues but declining volumes

ANA Holdings – the parent company of All Nippon Airways (ANA) – has reported that international cargo revenues grew strongly in the six months ending 30 September.

For the April-September period, the company said international freight revenues increased by 9.3 billion yen ($82 million) to 64.2 billion yen – up 17.1 per cent year-on-year (YOY) but domestic freight revenues fell by 1.1 billion yen to 14 billion yen – down 7.6 per cent YOY.

Despite the revenues rising, ANA said in the six months it carried 483,000 tonnes of international cargo, a fall of 3.3 per cent on the same six months last year and it carried 197,000 tonnes on its domestic network, down 8.6 per cent on the April-September period in 2017.

ANA said: “International cargo service, cargo from Japan to overseas destinations performed well backed by robust cargo demand centered on automotive parts and electronic components bound for North America and Europe.

“Regarding inbound cargo from overseas, in addition to cargo to Japan performing well, ANA endeavoured to capture demand through steps such as chartering air freighter carriers.

“The cargo volume decreased year-on-year due to the decline in connecting cargo traffic via Japan, but revenues increased year-on-year as a result of strengthening yield management.”

Overall, ANA Holdings said from April-September group net profit fell 37.7 per cent from a year earlier to 73.74 billion yen ($653 million) due to higher fuel costs and a one-off profit booked the previous year from the addition of Peach Aviation Ltd.

Group operating profit dropped 8.6 per cent to 105.20 billion yen for the six months through September on sales of 1.04 trillion yen, up 5.4 per cent.