ANA group net profit drops 19 pct in April-December period

Source: Xinhua| 2020-01-30 22:12:37|Editor: xuxin
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TOKYO, Jan. 30 (Xinhua) -- ANA Holdings Inc. reported Thursday its group net profit declined in the April-December period owing to rising costs for facilities and services.

The Tokyo-headquartered company said that owing to rising operational costs its net profit in the reporting period dropped 19.1 percent from a year earlier to 86.45 billion yen (794.81 million U.S. dollars).

The operator of domestic and international air transportation services, including Japan's largest carrier All Nippon Airways Co., also said its operating profit fell 3.6 percent to 119.66 billion yen (1.09 billion U.S. dollars) in the third quarter, although revenues marked an increase of 0.9 percent to 1.58 trillion yen (14.52 billion U.S. dollars), it said.

Looking ahead, the holding company maintained its earnings outlook for the full fiscal year through March. It has forecast a group net profit of 94 billion yen (863.94 million U.S. dollars), marking a 15.1-percent decline.

Based on revenues increasing 1.5 percent to 2.09 trillion yen (19.21 billion U.S. dollars), ANA Holdings said it expects an operating profit of 140 billion yen (1.28 billion U.S. dollars), marking a 15.2-percent decline, in the same period ahead.

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