OREANDA-NEWS. ANA Holdings today reports consolidated financial results for the fiscal year ended March, 2013.

Operating income and recurring profit for the 12-month period both reached record levels, driven by considerable growth in passenger numbers and revenues and further improvements in cost efficiencies across the business.

Operating revenues rose 5.1% to 1,483.5 billion yen, reflecting increases in domestic and international traffic levels, while operating income reached a record high of 103.8 billion yen, a 7% increase on the 97 billion yen achieved in fiscal year 2011.

Recurring profit also reached a record high of 76.9 billion yen against 68.4 billion yen (\\$727.3 million) a year earlier while net income was 43.1 billion yen compared with 28.1 billion yen a year earlier. The Company is planning a cash dividend of 4 yen.

Shinichiro Ito, CEO of ANA Holdings, commented: “Despite concerns about the impact of global economic downturn on the airline industry, ANA performed very strongly during the fiscal year 2012 by improving the ANA brand and customer service, implementing the necessary reforms to our cost structure based on our FY2012-13 Corporate Strategy and stimulating new demand. We were successful in attracting more passengers, both at home and abroad, and in responding to changes in the airline environment, including the expansion of airport capacity in the Tokyo metropolitan area, further airline liberalization and the entry of low-cost carriers to the market. We also responded flexibly to minimize the number of cancellations affected by the groundings of the Boeing 787 from January, minimizing its impact to profit. This year we will continue to push ahead with our multi-brand strategy as both a full service airline and a low-cost carrier under our new holding company structure.”