TIDMANA
RNS Number : 4076N
ANA Holdings Inc
29 January 2016
ANA HOLDINGS Financial Results for the Nine Months
ended December 31, 2015
TOKYO, January 29, 2016 - ANA HOLDINGS (hereafter "ANA HD")
today reports its consolidated financial results for the nine
months ended December 31, 2015.
ANA HD has delivered record operating revenues of Yen1,369.0
billion, an uplift in operating income, to Yen116.7 billion, and
ordinary income, to Yen112.1 billion, during the period. Net income
attributable to owners of ANA HD also rose to Yen73.3 billion, up
40%.
As a consequence of this strong performance, ANA HD is revising
up its consolidated financial forecast for FY 2015. ANA HD now
expects to achieve record operating income of Yen125.0 billion,
ordinary income of Yen110.0 billion and net income attributable to
owners of ANA HD of Yen65.0 billion for FY 2015, higher than
previous forecast.
Overview
- ANA recorded increased sales revenue compared with the same
period the prior year, principally due to the continued rise in
international passenger services. This has been driven by network
expansion, boosting the company's competitive position, ANA has
captured demand for in-bound, out-bound and transits between North
America and Asia. ANA has worked to reduce operating expenses
whilst expanding the business, resulting in increased operating
income, ordinary income and quarterly net income attributable to
owners of ANA HD.
- ANA continues to expand and improve its international route
network, launching services to four new cities during the period ;
Houston, Kuala Lumpur, Brussels, and Sydney. Its dual-hub airport
strategy, operating flights out of both Narita and Haneda airport
in Tokyo, also continues to make good progress, as the company
strengthens the position of each airport as international hubs.
- In order to continue building its global brand, ANA began the
Star Wars project with the launch of two special livery planes
decorated with Star Wars characters. These planes started operation
on both international and domestic routes from October.
Consolidated Financial Performance Unit: billion yen (except for
% comparison, rounded down)
1-3Q/ FY2015 1-3Q/ Difference % 3Q/ Difference
FY2014 Comparison FY2015
------------------------------------------- ------------- -------- ----------- ------------ -------- -----------
Operating revenues 1,369.0 1,297.2 +71.7 +5.5 457.8 +15,3
------------------------------------------- ------------- -------- ----------- ------------ -------- -----------
Operating expenses 1,252.2 1,207.9 +44.3 +3.7 427.8 +16.7
------------------------------------------- ------------- -------- ----------- ------------ -------- -----------
Operating income 116.7 89.2 +27.4 +30.8 29.9 -1.3
------------------------------------------- ------------- -------- ----------- ------------ -------- -----------
Non-operating income/ losses -4.5 -14.7 +10.1 - -0.7 +4.0
------------------------------------------- ------------- -------- ----------- ------------ -------- -----------
Ordinary income 112.1 74.5 +37.6 +50.5 29.2 +2.7
------------------------------------------- ------------- -------- ----------- ------------ -------- -----------
Extraordinary income/ losses 5.5 11.6 -6.1 -52.2 5.5 +4.1
------------------------------------------- ------------- -------- ----------- ------------ -------- -----------
Net income attributable to owners of ANA
HOLDINGS INC. 73.3 52.3 +20.9 +40.0 19.3 +2.7
------------------------------------------- ============= -------- ----------- ------------ -------- -----------
Performance by business segment Unit: billion yen (rounded
down)
1-3Q/FY2015 1-3Q/FY2014 Difference 3Q/FY2015 Difference
---------------- --------------------- --------------------- --------------------- --------------------- ---------------------
Revenues Operating Revenues Operating Revenues Operating Revenues Operating Revenues Operating
income income income income income
---------------- --------- ---------- --------- ---------- --------- ---------- --------- ---------- --------- ----------
Air
Transportation 1,184.2 118.6 1,124.2 78.2 +59.9 +40.3 396.1 37.4 +14.0 +11.0
---------------- --------- ---------- --------- ---------- --------- ---------- --------- ---------- --------- ----------
Airline
Related 173.0 -3.8 170.5 9.4 +2.5 -13.3 58.5 -8.1 -2.9 -12.3
---------------- --------- ---------- --------- ---------- --------- ---------- --------- ---------- --------- ----------
Travel
Services 129.3 4.2 130.6 4.4 -1.3 -0.2 40.8 1.4 -0.8 -0.2
---------------- --------- ---------- --------- ---------- --------- ---------- --------- ---------- --------- ----------
Trade
and Retail 108.4 4.4 94.9 3.2 +13.4 +1.1 36.8 1.3 +3.1 -0.0
---------------- --------- ---------- --------- ---------- --------- ---------- --------- ---------- --------- ----------
Others 24.5 1.1 23.5 1.3 +1.0 -0.1 8.3 0.5 +0.4 -0.0
---------------- ========= ========== --------- ---------- --------- ---------- --------- ---------- --------- ----------
Air Transportation
1. Domestic Passenger Services
- Although passenger numbers fell compared to the same period in
the prior year due to increased competition from the Shinkansen
bullet train's new Hokuriku route as well as typhoon-related flight
cancellations, revenue increased over the same period of the prior
year due to initiatives to raise profitability such as flexible
pricing management in accordance with market demand.
- In response to this competition, ANA worked to achieve the
optimum supply-demand balance by introducing smaller aircraft to
improve passenger load factor.
- ANA increased the frequency of flights between Haneda and Kansai.
- ANA continues to capture in-bound tourist demand through the
launch of the "ANA Discover JAPAN Fare", a new fare available at
overseas travel agents.
- ANA continues to strive for world-leading customer service and
has introduced Japan's first-ever self-service baggage drop system,
"ANA Baggage Drop Services", and introduced new automatic check-in
machines with displays in five different languages. As of December
2015, these new services are available at 46 domestic airports
including Haneda.
As a result of the above, domestic passenger revenues rose
byYen5.6 billion (up 1.1% year-on-year).
(Except for % comparison and passenger load factor, rounded
down)
Domestic Passenger 3Q/FY2015 3Q/FY2014 Difference % Comparison
Services
---------------------- ---------- ---------- ----------- -------------
Revenues (billion
yen) 528.9 523.2 +5.6 +1.1
---------------------- ---------- ---------- ----------- -------------
Number of passengers * 1.0
(thousand) 32,562 32,881 -318
---------------------- ---------- ---------- ----------- -------------
Available seat * 0.9
km (million) 45,207 45,638 -430
---------------------- ---------- ---------- ----------- -------------
Revenue passenger
km (million) 29,334 29,264 +70 +0.2
---------------------- ---------- ---------- ----------- -------------
Passenger load
factor (%) 64.9 64.1 +0.8 -
---------------------- ========== ---------- ----------- -------------
2. International Passenger Services
- Overall, passenger numbers and revenue exceeded the same
period of the prior year as business demand on flights to North
America remains solid and ANA actively captured strong demand for
travel to Japan from all regions. Demand on certain European routes
showed some reduction following the terrorist attacks in Paris in
November.
- In addition to opening new routes between Narita and Houston
and Kuala Lumpur, a new route between Narita and Brussels opened in
October with a further new route between Haneda and Sydney starting
operations in December. Following a negotiated agreement between
the governments of Japan and China, ANA began new route on
Haneda-Guangzhou from October, and introduced more flights on
Haneda-Beijing and Haneda-Shanghai routes.
- Introducing the new aircraft on Haneda-Los Angeles route in
October, now all routes between Japan and the US mainland have been
equipped with full-flat seats in business class, improving comfort
as well as ANA's competitive position.
As a result of the above, international passenger revenues rose
by Yen37.1 billion (up 10.5% year-on-year).
January 29, 2016 03:19 ET (08:19 GMT)
(Except for % comparison and passenger load factor, rounded
down)
International 3Q/FY2015 3Q/FY2014 Difference % Comparison
Passenger Services
---------------------- ---------- ---------- ----------- -------------
Revenues (billion
yen) 391.3 354.1 +37.1 +10.5
---------------------- ---------- ---------- ----------- -------------
Number of passengers
(thousand) 6,054 5,361 +692 +12.9
---------------------- ---------- ---------- ----------- -------------
Available seat
km (million) 40,441 37,218 +3,222 +8.7
---------------------- ---------- ---------- ----------- -------------
Revenue passenger
km (million) 30,228 26,829 +3,398 +12.7
---------------------- ---------- ---------- ----------- -------------
Passenger load
factor (%) 74.7 72.1 +2.7 -
---------------------- ========== ---------- ----------- -------------
3. Cargo
- Although ANA worked to strengthen its sales organization
through the introduction of a new reservation system to improve
space utilization, as a result of factors including low volumes of
cargo transferred from international to domestic fights due to the
yen depreciation, domestic cargo volume and revenue fell
year-on-year.
- In international cargo business, ANA has made a number of
service enhancements. Dedicated freighter flights were introduced
on Narita-Xiamen-Okinawa and Narita-Qingdao-Okinawa routes from
October onwards. The belly capacity of passenger aircraft was also
utilized and the Okinawa cargo hub was used to capture demand on
intra-Asia trilateral market as well as demand for express
delivery. However, demand for cargo departing from overseas
airports to Japan has not been increased due to the yen
depreciation, resulting in a fall in cargo volume and revenue
year-on-year.
As a result of the above, domestic cargo service revenues fell
by Yen0.7 billion (down 3.1% year-on-year) and international cargo
service revenues fell by Yen5.4 billion (down 5.8%
year-on-year).
(Except for % comparison, figures are rounded down)
Cargo Services 3Q/FY2015 3Q/FY2014 Difference %
Comparison
------------------------------------ ---------- ---------- ----------- ------------
Revenues (billion
Domestic yen) 24.4 25.1 -0.7 -3.1
--------------- ------------------- ---------- ---------- ----------- ------------
Freight carried
(thousand tons) 360 369 -9 -2.5
----------------------------------- ---------- ---------- ----------- ------------
Ton km (million) 363 369 -6 -1.8
----------------------------------- ---------- ---------- ----------- ------------
Revenues (billion
International yen) 88.3 93.8 -5.4 -5.8
--------------- ------------------- ---------- ---------- ----------- ------------
Freight carried
(thousand tons) 611 646 -34 -5.4
----------------------------------- ---------- ---------- ----------- ------------
Ton km (million) 2,642 2,731 -89 -3.3
----------------------------------- ========== ---------- ----------- ------------
4. Other
- 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 Yen143.3 billion (up
18.8% year-on-year).
- Vanilla Air increased the number of flights on the
Narita-Taipei route from October onwards, and worked to capture
demand for travel to Japan through stronger advertising campaigns
for overseas markets as well as the launch of a Chinese language
reservation center in Taiwan. During the third-quarter, Vanilla Air
carried 1,297 thousand passengers (up 57.9% year-on-year),
achieving a passenger load factor of 85.7% (up 8.8 points
year-on-year).
Airline Related, Travel Services, Trade and Retail and
Others
- In Airline Related businesses, operating revenue was Yen173.0
billion (up 1.5% year-on-year) due to increased contracts for
ground operations from other airlines at Haneda and Osaka (Kansai)
Airports. However an operating loss of Yen3.8 billion was recorded
on the complete amortization during the period in goodwill recorded
following the acquisition of the pilot training company Pan Am
Holdings, Inc., now a consolidated subsidiary of ANA HD.
- In Domestic Travel Services, operating revenue was up
year-on-year due to increased sales, principally for travel to
Okinawa and Hokkaido. In Overseas Travel Services, operating
revenue fell year-on-year due to decreased sales resulting from the
yen depreciation and the impact of terrorist incidents in Europe.
However, sales for travel to Japan exceeded the prior year due to
the capture of strong inbound demand from Taiwan and China. As a
result, operating revenue was Yen129.3 billion (down 1.0%
year-on-year), while operating income was Yen4.2 billion (down 4.7%
year-on-year).
- In Trade and Retail, operating revenue was Yen108.4 billion
(up 14.2% year-on-year) and operating income was Yen4.4 billion (up
35.9% year-on-year) due to solid sales in the retail business, food
business and the aviation and electronics business.
- In other, building maintenance contributed a solid
performance, but business expenses increased resulting in operating
revenue of Yen24.5 billion (up 4.3% year-on-year) and operating
income of Yen1.1 billion (down 11.8% year-on-year).
Outlook for FY2015 (April 2015 - March 2016)
As a consequence of strong performance, ANA HD is revising up
its consolidated financial forecast for FY 2015 from original
forecast announced on April 30, 2015, as below.
Consolidated Financial Forecast unit: billion yen (rounded down)
Revised Original Difference FY2014 Difference
Forecast Forecast
for FY2015 for FY2015
-------------------- ------------ ------------ ----------- ---------- -----------
Operating revenues 1,790.0 1,790.0 - 1,713.4 +76.5
-------------------- ------------ ------------ ----------- ---------- -----------
Operating income 125.0 115.0 +10.0 91.5 +33.4
-------------------- ------------ ------------ ----------- ---------- -----------
Ordinary income 110.0 90.0 +20.0 67.1 +42.8
-------------------- ------------ ------------ ----------- ---------- -----------
Net income
attributable
to owners of
ANA HD 65.0 52.0 +13.0 39.2 +25.7
-------------------- ============ ------------ ----------- ---------- -----------
Contact : Corporate Communications, ANA HOLDINGS,
+81-3-6735-1111,publicrelations@ana.co.jp
About ANA HOLDINGS INC.
ANA HOLDINGS is an aviation group with global operations and a
total of 62 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. ANA HD 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 240
aircraft flying to 81 destinations and carrying about 47 million
passengers. ANA is the largest airline in Japan by revenues and
passenger numbers. ANA is a member of Star Alliance. Management
vision of ANA HD is "It is our goal to be the world's leading
airline group in customer satisfaction and value creation."
Please see the attached PDF for more details.
http://www.rns-pdf.londonstockexchange.com/rns/4076N_1-2016-1-29.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
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