Air Transport World

ANA Group.(Asia/Pacific report)(Brief Article)

ANA Group reported net income of [yen] 6.9 billion ($65.4 million) for the fiscal third quarter ended Dec. 31, its second consecutive quarter of profitable results. Comparable numbers for the year-earlier period were not released. Senior VP-Financial Tomohiro Hidema attributed the profits in part to "ANA's aggressive cost-cutting strategy." The airline at the start of the current fiscal year introduced a three-year cost-reduction plan that aims to trim annual costs by [yen] 30 billion by March 31, 2006. Consolidated revenues amounted to [yen] 314 billion and operating profit totaled [yen] 16.4 billion. ANA Group airlines posted an operating profit of [yen] 13.8 billion on revenues of [yen] 256. …

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