MINATO (dpa-AFX) - ANA Group Corp (ALNPY.PK, ALNPF.PK, ANA.L) announced its two-year management strategy for the fiscal years 2012 and 2013. The highlights of the plan include a 22 percent increase in ANA's international operations in two years, a rise in operating income to 110 billion yen in fiscal 2012 and 130 billion yen in fiscal 2013, an adoption of multi-brand strategy and switch to holding company structure; and a further efficiency measures to reduce Group costs by 100 billion yen.
The company said this plan is designed to strengthen ANA against a backdrop of global economic uncertainty, the ongoing sovereign debt crisis in the Eurozone, high oil prices and fluctuating foreign exchange rates and position it to become Asia's Number One airline in the face of increased competition from a new wave of Low Cost Carriers, other carriers in the region and other modes of transport.
Also, the management plan would enable ANA to take advantage of the expansion of airport capacity in Metropolitan Tokyo, its role as launch customer for the Boeing 787 Dreamliner and the joint ventures with partner airlines. With respect to International Business, the Group would increase international seat kilometers 22% over fiscal 2011 by fiscal 2013.
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© 2012 AFX News
