OREANDA-NEWS. ANA Holdings reported its consolidated financial results for the first three months of fiscal year 2013 (April – June).

Operating revenues for the period increased by 4.4 per cent to 358.3 billion yen, but operating costs rose by 9.6 per cent to 363.9 billion yen. This resulted in an operating loss of 5.6 billion yen, a recurring loss of 11.2 billion yen and a net loss for the period of 6.6 billion yen.

The primary reason for the increase in operating expenses was a rise in fuel costs due to the weakening of the yen. Operating revenues were also held back by the suspension of Boeing 787 services for part of the period. Despite these currency headwinds, the Japanese economy showed steady signs of improvement during the first three months, with consumer spending recovering and the decline in capital investment stabilizing. The economic stimulus measures implemented by the Government from the end of last year are also expected to support recovery.

In the airline business, we were pleased to return our fleet of 787s to service on June 1, after completion of the required modifications to their battery systems and receipt of approvals from the relevant authorities. ANA continues to improve the service we offer to our passengers both on-board and pre-flight. This was recognized by the 5-star accreditation ANA received from Skytrax last fiscal year and this year ANA has been named as best airline in the two categories of World’s Best Airport Services and Best Cabin Cleanliness.