ANA Swings to Profit with Dramatic Cargo Surge

ANA Swings to Profit with Dramatic Cargo Surge

Soaring cargo demand helped Japan’s All Nippon Airways earn net profit of $162.96 million in the first half of fiscal 2010, the six months to Sept. 30, compared with a year-earlier loss of $312.35 million.

Revenue from overall operations rose 11.8 percent in the April-September period from the same six-month period of last year to $8.45 billion. ANA posted a group operating profit of $701.23 million, compared with a loss of $348.15 million a year earlier.

With a healthy boost to market share from former customers of rival Japan Airlines, which is ending all-cargo operations this month, ANA's group revenue from its international cargo operations soared 78.9 percent in the April-September period from a year earlier to $504.94 million.

By The Numbers: Asia-Pacific Airlines' Freight Traffic.

The ANA group carried 272,000 tons of freight on its international routes, up 45.6 percent. International freight volume totaled 998 million ton kilometers, up 21.8 percent.

"International cargo saw strong demand on routes to China and other Asian destinations, driven by brisk movement of plasma display and semiconductor materials, and international cargo volumes increased over those of the previous year," ANA said.

Revenue from domestic cargo operations fell 1.2 percent to $192.59 million as ANA carried 219,000 tons of freight, down 4.4 percent, and domestic freight transportation volume amounted to 218 million ton kilometers, down 3.7 percent.

-- Contact Hisane Masaki at yiu45535@nifty.com.