All Nippon Airways Co., Ltd

ANA Group Revises Upward Profit Forecast for Fiscal 2003

    Tokyo (ots) - ANA Group has revised its financial forecast for the current fiscal year, which began on April 1 2003 and ends today. A revised consolidated net profit of 21.5 billion yen, up from 17.5 billion yen, is forecast on revenues of 1.217 trillion yen. An increased operating profit of 30 billion yen, up from 21 billion yen, is also forecast.     The increased earnings forecast is attributed to strong business travel demand, particularly on European and US routes, and aggressive cost reduction measures.     A summary of the revised forecast on a Group consolidated basis and ANA Parent Airline basis is as follows:

Consolidated Basis

                                                                    Unit: 100 million yen

                                                                                                            
                              Revenue        Operating        Recurring         Net      
                                                    Profit            Profit        Profit    
                                                  (loss)            (loss)        (loss)
    
Revised                 12,170            300                 280              215      
forecast                                                                                            

Forecast as of      12,180            210                 140                175      
October 31,                                                                                        
2003                                                                                                  

Difference              -10                90                  140                40        

Previous                12,159          (25)                (172)            (282)    
Fiscal year                                                                                        

Non-consolidated (ANA Parent Airline) Basis

                                                                      Unit: 100 million yen

                                                                                                            
                              Revenue        Operating        Recurring          Net
                                                    Profit            Profit        Profit    
                                                  (loss)            (loss)         (loss)    
Revised                 9,685              215                 210                80        
forecast                                                                                            

Forecast as of      9,630              150                 105                65        
October 31,                                                                                        
2003                                                                                                  

Difference                55                65                  105                15        

Previous                9,405            (82)                (200)            (170)    
Fiscal year                                                                                        

    Contact Rob Henderson, Public Relations, r.henderson@ana.co.jp

    ANA came into existence in 1952, and over 50 years later is now one of the top ten largest airlines in the world, carrying with its sister companies almost 51 million passengers every year to 45 destinations in Japan, and to 20 overseas cities in Asia, Europe and the United States. As a member of Star Alliance, the world's foremost airline alliance, ANA passengers enjoy seamless access to a network of over 700 airport destinations in 128 countries, and reciprocal benefits such as mileage accrual and redemption, and lounge access.

    This information is provided by RNS     The company news service from the London Stock Exchange

ots Originaltext: All Nippon Airways Co Ld
Internet: www.newsaktuell.ch/f

Contact:
Tetsuya Sudo
00 81 3 5756 5661



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