Subscribe free to our newsletters via your
. Space Industry and Business News .




AEROSPACE
ANA keeps forecast as nine-month net profit surges
by Staff Writers
Tokyo (AFP) Jan 31, 2013


Japan's All Nippon Airways (ANA) said Thursday that its net profit in the nine months to December soared 54.6 percent and that it would maintain its annual profit forecast, despite its Dreamliner woes.

Net profit came to 52 billion yen ($574 million) on solid business demand, coupled with programmes to stoke leisure travel, it said, adding that the full extent of the financial impact of the worldwide grounding of Boeing's 787 Dreamliner was unclear.

However, the carrier said it expected to take a $15.4 million hit on sales in January owing to 459 cancelled domestic and international flights this month linked to the troubled next-generation aircraft.

Aviation regulators were focusing on the lithium-ion batteries as the cause of a problem that forced an ANA flight to make an emergency landing in mid-January.

US regulators have said they will not allow the 787 to fly again until they are sure the problems around the battery system are fixed.

Boeing's cutting-edge new planes suffered a series of glitches this month, including the emergency landing, prompting a global alert from the US Federal Aviation Administration that led to the grounding of all 50 operational 787s.

ANA, which flew the Dreamliner's maiden flight, said Thursday it was committed to the fuel-efficient aircraft, despite its highly-publicised problems.

"At this point, we have no intention to review our mid-term management strategy which centers around 787s," ANA executive Kiyoshi Tonomoto told a press briefing.

"Currently we operate the largest number of 787s in the world. We will work the hardest to ensure the safety of the aircraft once again and regain the public trust," he said.

But he admitted the firm may review its strategy if the problems drag on.

ANA and rival Japan Airlines -- which have ordered a combined 111 Dreamliners so far -- said Wednesday they had replaced a number of batteries in the aircraft after experiencing problems before the worldwide grounding.

In its earnings announcement, ANA said operating profit in the nine months to December rose 18 percent to 107.5 billion yen, on sales of 1.13 trillion yen, up 5.8 percent from the same period a year ago.

It kept its annual outlook unchanged, with full-year net profit seen at 40 billion yen, operating profit at 110 billion yen on sales of 1.47 trillion yen.

Despite the weak Japanese economy, "ANA performed well with demand remaining solid from both business and leisure travelers during the period," ANA Chief Executive Officer Shinichiro Ito said in a statement.

The country's airlines took a huge hit after tourism slumped in the wake of the March 2011 quake-tsunami disaster and subsequent nuclear crisis at Fukushima, the worst atomic accident in a generation.

The carriers also suffered from a row between Tokyo and Beijing over sovereignty of a group of islands in the East China Sea, which triggered anti-Japan rallies across China and a consumer boycott of Japanese brands after Tokyo nationalised some of the chain in September.

.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AEROSPACE
Philippines to buy 12 S. Korean fighter jets
Manila (AFP) Jan 30, 2013
The Philippines will buy 12 South Korean FA-50 fighter jets to strengthen its poorly-armed military, government spokesmen said Wednesday, amid increasing maritime tensions with China. The FA-50s will be the first fighter jets to be operated by the Philippine air force since it retired the last of its US-designed F-5 fighters in 2005, said President Benigno Aquino's spokesman Edwin Lacierda. ... read more


AEROSPACE
Laser-Plasma Process Gives Nanohybrid Remarkable Properties

DNA and quantum dots: All that glitters is not gold

Liquid metal makes silicon crystals at record low temperatures

Supercomputer sets computing record

AEROSPACE
Raytheon offers Global Aircrew Strategic Network Terminal Soultion

US Army Upgrades Manpack Radios For MUOS Network

Insights from the SIA DoD Commercial SATCOM Users' Workshop

Boeing to Upgrade Combat Survivor Evader Locator Radios, Base Stations

AEROSPACE
Russia Set for Year's First Baikonur Space Launch Feb. 5

First Ariane 5 For 2013 Ready For Loading

Azerspace And Africasat-1a "fit" for Ariane 5 launch

NASA Selects Experimental Commercial Suborbital Flight Payloads

AEROSPACE
Galileo's search and rescue system passes first space test

AFRL Selects Surrey Satellite US to Evaluate Small Satellite Approach to GPS

Lockheed Martin Awarded Contract to Sustain Ground Station for Global Positioning System

China promotes Beidou technology on transport vehicles

AEROSPACE
ANA keeps forecast as nine-month net profit surges

Eurocopter sets sights on S. America sales

China tests new military transport plane

NASA Super-Tiger Balloon Shatters Flight Record

AEROSPACE
Quantum Communication: Each Photon Counts

Organic ferroelectric molecule shows promise for memory chips, sensors

DARPA, Industry Collaborate to Knock Down Microelectronics Barriers

New 2D material for next generation high-speed electronics

AEROSPACE
New tools enable high-res observations from anywhere with internet access

Internet age navigation drives economies: studies

RapidEye Commits to Data Continuity; Discusses System Health and Life Span

Pleiades 1B captures its first images using e2v sensors

AEROSPACE
Beijing issues warnings as smog continues

Beijing issues warnings as smog continues

Tallinn first EU capital to give residents free ticket to ride

Recycling entrepreneur stubs out cigarette garbage




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement