Air Transport World

Ana Group:

When Japan Airlines acquired the country's third-largest airline, Japan Air System, in 2002, observers wondered whether rival All Nippon Airways would be the odd man out. Instead, aggressive cost-cutting and focused international expansion have enabled it to turn the tables on its larger rival and it recently reported its third consecutive annual profit, with net income of [yen]26.7 billion ($233.1 million) for the fiscal year ended March 31, 2006, down less than 1% compared to the prior year on a 6% rise in sales to [yen]1.36 trillion in spite of well-known challenges including rising fuel costs and anti-Japan demonstrations in China that significantly weakened travel demand between the countries. …

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