News Videos
International Edition


June 29, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

ANA says 9-month net profit dives 36% to US$325 million

TOKYO -- The operator of Japan's All Nippon Airways said Friday that nine-month net profit dived by more than a third to US$325 million as a sharp decline in the yen jacked up fuel costs.

The carrier earned 33.3 billion yen (US$325 million) between April and December on sales of 1.2 trillion yen, up 7.1 percent from a year earlier.

"The main reason for the increase in operating expenses was a rise in fuel costs caused by the weakening of the Japanese yen," ANA said in a statement.

The yen's precipitous decline since late 2012, while giving a boost to Japanese exporters, has hurt its airlines by pushing up the cost of fuel, often a carrier's single-biggest expense.

ANA and domestic rival Japan Airlines — which said Friday its nine-month net profit turned down 12.2 percent to US$1.2 billion, despite better sales on rising demand for international travel — were hit by the worldwide grounding of Boeing's next generation aircraft last year following a series of problems involving its battery pack.

Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search