TIDMANA
RNS Number : 0891G
ANA Holdings Inc
03 August 2016
ANA HOLDINGS Financial Results for the Three Months ended June
30, 2016
TOKYO, August 3, 2016 - ANA HOLDINGS (hereinafter "ANA HD")
today reports its financial results for the three months ended June
30, 2016.
Overview
- Revenues and profits for the period were affected by Kumamoto
earthquake and terrorist incidents in Europe in addition to
exchange rates and crude oil market conditions, changing in
commission scheme for agency and unit price decrease in
international cargo business.
- Consolidated operating revenue of Yen404.4 billion,
consolidated operating income of Yen14.1 billion, consolidated
ordinary income of Yen10.6 billion, and consolidated net income
attributable to owners of Yen6.6 billion - all decreased from prior
year.
- ANA expanded international network following launch of four
new overseas routes in FY2015. It also improved coordination
between domestic and international networks at Haneda and
international connections at Narita.
- ANA, the only airline in Japan awarded 5-Star rating for
"customer satisfaction" from SKYTRAX for fourth consecutive year,
further improved services at airports and in flight to enhance
customer convenience.
- Downside risks owing to slowdown in some overseas economies
and uncertainty caused by UK exit from European Union but gradual
trend towards recovery in Japanese economy. Consolidated business
outlook for FY2016 unchanged.
Consolidated Financial Performance Unit: billion yen (Except for
% comparison, rounded down)
1Q/FY2016 1Q/FY2015 Difference % Comparison
---------------------------- ---------- ----------- ----------- -------------
Operating revenues 404.4 413.8 -9.4 -2.3
---------------------------- ---------- ----------- ----------- -------------
Operating expenses 390.2 397.1 -6.8 -1.7
---------------------------- ---------- ----------- ----------- -------------
Operating income 14.1 16.7 -2.6 -15.6
---------------------------- ---------- ----------- ----------- -------------
Non-operating income/
losses -3.4 * 0.8 -2.6 -
---------------------------- ---------- ----------- ----------- -------------
Ordinary income 10.6 15.9 -5.2 -33.2
---------------------------- ---------- ----------- ----------- -------------
Extraordinary income/
losses 0.1 * 0.0 +0.1 -
---------------------------- ---------- ----------- ----------- -------------
Net income attributable
to owners of ANA HOLDINGS
INC. 6.6 8.3 -1.7 -20.7
---------------------------- ========== ----------- ----------- -------------
Performance by business segment Unit: billion yen (rounded down)
1Q/FY2016 1Q/FY2015 Difference
-------------------- --------------------- --------------------- ---------------------
Revenues Operating Revenues Operating Revenues Operating
income income income
-------------------- --------- ---------- --------- ---------- --------- ----------
Air Transportation 350.8 12.6 357.1 15.2 -6.3 -2.6
-------------------- --------- ---------- --------- ---------- --------- ----------
Airline Related 61.3 2.4 57.8 1.9 +3.5 +0.5
-------------------- --------- ---------- --------- ---------- --------- ----------
Travel Services 34.1 0.6 36.3 0.5 -2.1 +0.0
-------------------- --------- ---------- --------- ---------- --------- ----------
Trade and Retail 34.4 1.0 35.2 1.4 -0.7 -0.3
-------------------- --------- ---------- --------- ---------- --------- ----------
Others 8.3 0.4 7.9 0.3 +0.3 +0.0
-------------------- ========= ========== --------- ---------- --------- ----------
Air Transportation
1. Domestic Passenger Services
-ANA worked to increase passenger volumes by flexible fares in
accordance with demand. However, due to factors including the
Kumamoto Earthquake in April, both passenger numbers and revenue
decreased from the same period in the prior year. Revenues from
domestic passenger services decreased by Yen1.8 billion (a 1.2%
decrease year-on-year).
-ANA worked to improve convenience for passengers by expanding
and strengthning its network through the establishment of a new
route between Haneda and Miyako, Okinawa as well as the restart of
the year-round flights between Kansai, Osaka and Miyako. In
addition, ANA also worked to optimize supply-demand through further
fine-tuning to match aircraft deployment to bookings tendency.
-Inbound travel increased from the prior year helped by
enhancing recognition of the "ANA Discover JAPAN Fare", a fare for
domestic routes sold to overseas visitors to Japan which is
available for purchase at overseas travel agents.
- Refurbishment of Haneda Airport Terminal 2 to improve
passenger service and convenience.
(Except for % comparison and passenger load factor, rounded
down)
Domestic Passenger Services 1Q/FY2016 1Q/FY2015 Difference % Comparison
----------------------------- ----------- ---------- ----------- -------------
* 1.2
Revenues (billion yen) 150.5 152.3 -1.8
----------------------------- ----------- ---------- ----------- -------------
Number of passengers * 1.2
(thousand) 9,789 9,911 -121
----------------------------- ----------- ---------- ----------- -------------
* 0.5
Available seat km (million) 14,393 14,464 -71
----------------------------- ----------- ---------- ----------- -------------
Revenue passenger km * 0.7
(million) 8,792 8,851 -58
----------------------------- ----------- ---------- ----------- -------------
Passenger load factor
(%) 61.1 61.2 -0.1 -
----------------------------- =========== ---------- ----------- -------------
2. International Passenger Services
-Although demand for leisure travel on routes departing Japan
for Europe decreased due to the impact of terrorist attacks in
Europe last year, overall passenger numbers and sales revenue
increased because of business demand on flights to Europe, North
America and Asia, in addition to continued steady demand for travel
to Japan from other countries. Revenues from international
passenger services rose by Yen3.9 billion (a 3.3% increase
year-on-year).
-From April, ANA established a new route between Narita-Wuhan,
China. ANA also worked to capture strong passenger demand through
the introduction of Boeing 787 aircraft and improved product
quality on both routes between Haneda-Honolulu and
Narita-Mumbai.
-Due demand gap on China routes, ANA stimulated leisure demand
from China to Japan by introducing discount fares for flights
departing overseas destinations.
-ANA improved cabin service in business class with the launch of
an initiative to provide passengers on flights to Europe, North
America and Oceania with amenities from the popular brand Neal's
Yard Remedies.
(Except for % comparison and passenger load factor, rounded
down)
International Passenger 1Q/FY2016 1Q/FY2015 Difference % Comparison
Services
------------------------- ---------- ---------- ----------- -------------
Revenues (billion
yen) 123.3 119.3 +3.9 +3.3
------------------------- ---------- ---------- ----------- -------------
Number of passengers
(thousand) 2,131 1,910 +221 +11.6
------------------------- ---------- ---------- ----------- -------------
Available seat km
(million) 14,612 12,601 +2,010 +16.0
------------------------- ---------- ---------- ----------- -------------
Revenue passenger
km (million) 10,663 9,194 +1,468 +16.0
------------------------- ---------- ---------- ----------- -------------
Passenger load factor
(%) 73.0 73.0 +0.0 -
------------------------- ========== ---------- ----------- -------------
3. Cargo services
-In domestic cargo services, despite initiatives to capture
demand principally in the home parcel delivery business, both cargo
volume and revenue decreased from the same period in the prior year
due to low overall demand for air cargo, in part as a result of a
reduction in the volume of fresh produce originating in
Hokkaido.
-In international cargo services, despite the growth of demand
was limited in cargo deliveries from/to Japan, cargo volume
increased over the same period of the prior year as ANA captured
demand from China and other Asian destinations to North America via
Japan, as well as intra-Asia. However, as a result of factors
including the continued appreciation of the yen, declining unit
prices due to a deterioration in the supply-demand environment,
principally for flights departing China, and change of agency
commission settlement scheme, revenue decreased from the same
period of the prior year.
As a result, revenue from domestic cargo services decreased by
Yen0.1 billion (down 1.5% year-on-year) and revenue from
international cargo services decreased by Yen8.3 billion (down
29.1% year-on-year).
(Except for % comparison, figures are rounded down)
Cargo Services 1Q/FY2016 1Q/FY2015 Difference % Comparison
------------------------------------ ---------- ---------- ----------- -------------
Revenues (billion
Domestic yen) 7.1 7.2 -0.1 -1.5
--------------- ------------------- ---------- ---------- ----------- -------------
Freight carried
(thousand tons) 103 104 -1 -1.3
----------------------------------- ---------- ---------- ----------- -------------
Ton km (million) 105 106 -0 -0.6
----------------------------------- ---------- ---------- ----------- -------------
Revenues (billion
International yen) 20.4 28.8 -8.3 -29.1
--------------- ------------------- ---------- ---------- ----------- -------------
Freight carried
(thousand tons) 221 191 +29 +15.6
----------------------------------- ---------- ---------- ----------- -------------
Ton km (million) 980 828 +152 +18.4
----------------------------------- ========== ---------- ----------- -------------
4. Others
-Other revenue from the Air Transportation business, which
includes ANA's mileage program, Vanilla Air, in-flight sales and
maintenance services for other airlines, was Yen47.2 billion (up
1.0% year-on-year).
-Vanilla Air received its ninth aircraft and from April started
flying between Kansai, Osaka and Taipei, the airline's fourth
international route, while also launching the "Value Alliance", the
world's first-ever LCC alliance together with seven other LCCs in
the Asia-Oceania region. As a result, Vanilla Air carried
approximately 446 thousand passengers (up 13.7% year-on-year)
during the quarter with a passenger load factor of 83.1% (down 0.7
points year-on-year).
Airline Related, Travel Services, Trade and Retail and
Others
-In Airline Related businesses, operating revenue for the first
quarter was Yen61.3 billion (up 6.1% year-on-year) and operating
income was Yen2.4 billion (up 28.5% year-on-year) due to factors
including an increase in contracts for ground support operations
from other airlines at Haneda, Narita and Chubu Airport.
-In Travel Services, operating revenue decreased compared to the
prior year in the domestic market, due to factors including the
impact of the Kumamoto Earthquake on bookings made to the Kyushu
region. Revenues also decreased in the international market due to
factors including the impact of terrorist incidents in last year,
in bookings for travel to Europe with "ANA Hallo Tour". Due to
intensifying competition, the number of bookings for travel to
Japan also decreased year-on-year.
As a result of these factors, operating revenue in the first
quarter was Yen34.1 billion (down 6.0% year-on-year) but operating
income was Yen0.6 billion (up 11.4% year-on-year) as a result of
work to reduce expenses.
-In Trade and Retail, operating revenue for the first quarter
was Yen34.4 billion (down 2.2% year-on-year) and operating income
for the period was Yen1.0 billion (down 24.3% year-on-year) due to
factors including lower sales revenue in the Retail and Food
businesses.
-In others, first-quarter operating revenue was Yen8.3 billion
(up 4.7% year-on-year) and operating income was Yen0.4 billion (up
17.8% year-on-year) due to factors including the good performance
of the real estate brokerage business.
Outlook for the FY2016 Apr2016-Mar2017
-Japan's economy is expected to continue recovering gradually
due to factors including the effect of various government policies.
However, the business environment is expected to be affected by
various additional risks such as downturn in overseas economies.
Competition in both domestic and international markets is also
expected to intensify.
-Under these circumstances, ANA HD is committed to accomplish
the "FY 2016-2020 ANA Group Corporate Strategy", disclosed in
January this year, as we work to achieve our corporate vision of
becoming "the world's leading airline group".
-In the full-service carrier business, which is at the core of
ANA HD's profitability, ANA will work to maintain profitability on
domestic services by further optimizing the supply-demand balance.
On international routes, it will make further progress in advancing
ANA's dual-hub airport model for the Tokyo Metropolitan area by
strengthening its network, while also working to improve brand
strength and sales capabilities overseas. In addition, while
working to maintain and improve profitability, ANA HD will actively
work to expand its LCC business while also improving the
profitability of non-air businesses and building an optimal
business portfolio that can withstand volatility. ANA HD is also
committed to moving forward with cost structure reforms, in order
to strengthen the business foundations and maximize profits.
Taking the above factors into consideration, there is no change
to the consolidated business outlook for the FY2016 as originally
announced on April 28.
Consolidated Financial Forecast unit: billion yen (rounded down)
Forecast FY2015 Difference
for FY2016
---------------------------- ------------ -------- -----------
Operating revenues 1,810.0 1,791.1 +18.9
---------------------------- ------------ -------- -----------
Operating income 145.0 136.4 +8.6
---------------------------- ------------ -------- -----------
Ordinary income 130.0 130.7 -0.7
---------------------------- ------------ -------- -----------
Net income attributable
to owners of ANA HOLDINGS
INC. 80.0 78.1 +1.9
---------------------------- ============ -------- -----------
PLEASE SEE THE ATTATCHED PDF FILE MORE DETAILS.
http://www.rns-pdf.londonstockexchange.com/rns/0891G_-2016-8-3.pdf
Contact : Corporate Communications, ANA
HOLDINGS,+81-3-6735-1111, publicrelations@ana.co.jp
About ANA HOLDINGS INC.
ANAHD is an aviation group with global operations and a total of
63 consolidated subsidiaries and 18 equity method affiliates. It is
divided into passengers and cargo services segments as well as
airline related business such as Catering and IT Services. ANAHD
was formed in April 2013 and is the parent company of ANA; full
service carrier, and Vanilla Air; LCC. ANA HD promotes a
multi-brand strategy to leverage the strength of ANA brand and
stimulate demand in markets not completely covered by its
full-service airline offering, while expanding market share for the
Group as a whole, leading to enhanced value. ANA has about 250
aircraft flying to 90 destinations and carrying about 50 million
passengers per year. ANA is the largest airline in Japan by
revenues and passenger numbers. ANA is a member of Star Alliance.
Management vision of ANAHD is "It is our goal to be the world's
leading airline group in customer satisfaction and value
creation."
This information is provided by RNS
The company news service from the London Stock Exchange
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