Business | Aviation All Nippon Airways logs 61.6% surge in first-half net profit

Japan’s All Nippon Airways (ANA) said Wednesday half-year net profit soared 61.6 per cent on firm travel demand, although it admitted Tokyo’s territorial dispute with Beijing hurt its China business. The carrier’s net profit came to 36.93 billion yen (Dh1.7 billion or $465 million) in the six months to September as revenue grew 6.9 per cent year-on-year to 753.21 billion yen. Operating profit climbed 50.2 per cent to 75.30 billion yen. Business demand was solid while leisure travel recovered from a slump after the March 2011 disaster, ANA said. The quake and tsunami sparked the world’s worst nuclear accident in a generation, dealing a severe blow to tourism in Japan.