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Dreamliner grounding to cost ANA $15m | |
(about 1 hour later) | |
Japan's All Nippon Airways has said it will take a 1.4bn yen ($15m; £9m) hit from the grounding of its Boeing 787 Dreamliner fleet. | Japan's All Nippon Airways has said it will take a 1.4bn yen ($15m; £9m) hit from the grounding of its Boeing 787 Dreamliner fleet. |
ANA had to cancel 459 international and domestic flights in January. It also said it remained unclear when the aircraft would resume normal service. | |
The carrier made the statement when it released earnings for the nine months to December 2012. | The carrier made the statement when it released earnings for the nine months to December 2012. |
Net profit came in at 52bn yen, which was 55% higher than a year earlier. | Net profit came in at 52bn yen, which was 55% higher than a year earlier. |
ANA said its earnings were boosted by its low-priced fares promotion over the end of 2011 and beginning of 2012, which was held to commemorate the airline's 60th anniversary. | |
In addition, the carrier added flights and established new routes, both domestically and internationally. ANA said it saw "solid business demand and leisure demand" in the nine months to December 2012. | |
The fares promotion and new routes helped to offset the fall in demand for routes between Japan and China. | |
Flights between the two destinations took a dip when tensions between the two countries flared up in September. | |
Both countries are locked in a dispute over ownership of resource-rich islands in the South China Sea. The standoff led to anti-Japanese protests in China. | |
Impact uncertain | |
ANA said it was currently sticking with its forecast of 40bn yen in net earnings for the full year ending 31 March. | |
But since the carrier has no indication as to when its Dreamliner fleet can take to the skies again, the full financial impact from the grounding remains uncertain. | |
Its entire fleet was grounded after one of its Dreamliners was forced to make an emergency landing earlier this month. | |
Aviation agencies in US and Europe said the planes should be grounded while safety checks were carried out on their lithium ion batteries. |
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