Japan's ANA swings to loss on fuel costs and grounding

ANA 787 takes off from Sapporo ANA's use of Dreamliners is a push on the part of the airline to be more fuel-efficient

Related Stories

ANA Holdings, which owns Japan's All Nippon Airways, has swung to a loss for the April-to-June quarter.

The company blamed rising fuel costs, because of the weak yen, and the impact from the global grounding of Boeing 787s earlier this year.

ANA posted a net loss of 6.6bn yen ($67m; £44m) compared with a profit of 668m yen in the same period a year earlier.

ANA is the biggest operator of Boeing's 787 Dreamliner with 20 aircraft.

In January two incidents of overheating batteries on Boeing 787 aircraft, one on an ANA Dreamliner, prompted the global grounding of the fleet.

ANA was forced to cancel hundreds of flights. It resumed commercial flights of the Dreamliner in May.

However, the company said the bigger blow came from the rise in the cost of fuel.

"The primary reason for the increase in operating expenses was a rise in fuel costs due to the weakening of the yen," the company said in a statement.

"Operating revenues were also held back by the suspension of Boeing 787 services for part of the period."

Its use of Dreamliners is a push on the part of the airline to be more fuel-efficient.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



  • Alana Saarinen at pianoMum, Dad and Mum

    The girl with three biological parents

  • Polish and British flags alongside British roadsideWar debt

    Does the UK still feel a sense of obligation towards Poles?

  • Islamic State fighters parade in Raqqa, Syria (30 June 2014)Who backs IS?

    Where Islamic State finds support to become a formidable force

  • Bride and groom-to-be photographed underwaterWetted bliss

    Chinese couples told to smile, but please hold your breath

  • A ship is dismantled for scrap in the port city of Chittagong, BangladeshDangerous work

    Bangladesh's ship breakers face economic challenge

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.