Since we're "keeping it real" (whatever that stupid expression means), here's some balance to the doom and gloom brigade.
All Nippon Airways says it is forecasting a possible JPY3 billion profit for the current financial year, despite the airline recently reporting a JPY29.2 billion loss for the first quarter ending June.
Remaining positive, Shinichiro Ito ANA President said to Bloomberg News that he is seeing a rebound in sales, and predicts that full financial year ending March 2010 will report a profit. If this happens, it will be a big turnaround for the airline which saw a JPY4.3 billion loss this financial year passed.
“Economy-class demand is back to year-ago levels but demand for business trips is still lower,” said Mr Ito to Bloomberg News.
“We still have time and aim to make our profit target through sales alone.”
Recently ANA along with Japan Airlines, brought back fuel surcharges on international flights from the 1st of October this year. ANA has said that its fuel surcharges will sit at JPY7,000 for long-haul destinations including Europe, mainland North America and the Middle East.
Contrary to ANA JAL is predicting that this financial year will see it lose JPY63 billion come March end 2010