Japan's All Nippon Airways back to profit
Japan's All Nippon Airways (ANA) said it had swung back to profitability in the three months to June, thanks to an expansion at a Tokyo airport and a change to its pension plan.
The carrier said net profit was 3.5 billion yen ($A36.79 million) against a loss of 6.6 billion yen a year earlier, while quarterly sales rose 10.0 per cent to 386.8 billion yen.
It also logged an operating profit of 347 million yen, from an operating loss of 5.6 billion a year ago.
The sharp improvement came as ANA expanded its international services, benefiting from a major expansion of Tokyo's downtown Haneda Airport, which helped offset a jump in operating expenses mainly due to higher fuel costs.
The firm also booked a 9.9 billion yen extraordinary gain as it changed the structure of its corporate pension scheme, ANA said.
The airline left unchanged its forecast for the fiscal year through March, expecting a 35 billion yen net profit, an operating profit of 85 billion yen, and 1.7 trillion yen in annual sales.
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