ANA has raised its outlook on profits by a significant number. Most of this is attributed to gaining customers from Japan Airlines. Just recently though ANA had to cancel 115 flights because pilots at four of their units held a one-day strike to protest pay and labor conditions.
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All Nippon Airways Co., Japan's second-largest airline, raised its annual profit forecast 35 percent after it attracted more customers at home and overseas.
Net income may total 23 billion yen ($195 million) for the year ending March 31, compared with Tokyo-based All Nippon's previous estimate of 17 billion yen, it said in a release today. The airline also raised its sales forecast by 1.2 percent.
All Nippon is winning over some travelers after safety lapses at bigger rival Japan Airlines Corp. Higher domestic traffic and business travelers flying to North America and Europe helped the company exceed its forecast.
The company earned net income of 27 billion yen ($228 million) on sales of 1.29 trillion yen ($10.9 Billion) for the year-earlier period through March 2005.
All Nippon expects to post 64 billion yen in current profit, or pretax profit from operations, for the year ending March 31. Operating profit, or sales minus the cost of goods sold and selling, general and administrative expenses, may total 86 billion yen, up 9.6 percent from its previous estimate.
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