ANA will begin serving Narita-Chicago flights probably in the winter schedule

ANA President Mineo Yamamoto officially revealed at a news conference on May 24 that ANA will begin new flight services between Narita and Chicago probably in this winter schedule from the end of October this year. ANA withdrew from the flight business before because of low profitability at that time and now has acode-sharing agreement with United Airlines on the route.

This Week Contents
Headline
*ANA will begin serving Narita-Chicago flights probably in the winter schedule
Airport
*Charter flights from Taiwan to Hokuriku dramatically increased in 2005
Airline
* JAL and ANA will serve special flights to Germany for World Cup
* Suffering high fuel costand flight suspensions, SKY resulted in net loss for FY2005
* Saudi Arabian Airlines may fly into Kansai this summer
* NCA aims at annual revenue of 310 billion yen for FY2015 under the new business plan
* JAL air transport resultfor March 2006
* Passenger results of commuter airlines for FY2005
Space
* Marubeni Aero signed an agency contract with SPACE-X for launching services
Cockpit

Column "COCKPIT"
How should "Aviation Hazard Law" be used?

Narita marked large increase of profit despite reduction of revenue

Narita International Airport Co. (NAA) released the consolidated financial result for FY2005 (April 1 2005 to March 31 2006) on May 18, reporting the airport succeeded in large increase of net profit although it slightly decreased annual operating revenue because of the revision of the landing fee system. According to the financial report, operating revenue was down 0.2% to 171,247 million yen over FY2004. Operating profit and recurring profit each increased by 0.5% to 42,000 million yen and by 8.6% to 29,539 million yen compared to FY2004. Net profit finally reached 14,772 million yen for FY2005, largelyincreasing from 6,420 million yen for FY2004.

This Week Contents
Headline
Narita marked large increase of profit despite reduction of revenue
+The new South Wing is expected to give a positive financial impact to NAA
Airport
*Kansai succeeded in increasing revenue with more flight operations
*Kansai resulted in 2% increase of passengers in April
Airline
*Next JAL CEO said JAL hasno plan to buy A380 so far
*JAA increased both revenue and profit for FY2005
*CAL will serve scheduled flights to Hokkaido for the first time
*JAL to extend its cargo transportation network to Southern America
Industry
*IHI completed the expansion project for its Soma Aero-Engine Plant
*Ishikawajima Harima HeavyIndustries (IHI) financial result for FY2005
Column "COCKPIT"
Irresponsibility in the last days of Koizumi Administration

JAL fell into thelarge red due to operational problems and higher fuel cost

JAL released the financial result for FY2005 (April 1 2005 to March 31 2006)on May 10, reporting that it posted net loss of 47.2 billion yen, largely dropping from net profit of 30 billion yen for FY2004. Although JAL increased revenue by 3.3% to 2,199 billion yen for FY2005, it fell into operating loss of 26.8 billion yen for FY2005 from operating profit of 56.1 billion yen for FY2004 mainly because it hadsuffered from fuel cost of additional 88.2 billion yen through the fiscal year. At the same time, it posted ordinary loss of 41.6 billion yen for FY2005, largely reducing from ordinary profit of 69.8 billion yen. As a result, JAL does not pay dividend at all.

This Week Contents
Headline
JAL fell into the large red due to operational problems and higher fuel cost
Airline
*JAL and ANA carried more passengers during this GW than a year ago
*Star Flyer achieved load factor of 67.8% during the GW period
*Haneda-Gimpo charters carried 70% more passengers for FY2005
*Commuter passengers largely grew for FY2005
Airport
*Narita handled the most passengers during this GW in its history
*Narita will start renewing the 2nd PTB as well
Industry
*Sumitomo signs an aircraft-leasing contract with Turkish Airlines
*MHI and KHI FY2005 consolidated financial results
Column "COCKPIT"
Sequel to the truth behindthe "Yodo" Hijacking

ANA achieved the best financial result ever for FY2005

ANA released the consolidated financial result for FY2005 (April 1 2005 to March 31 2006) on April 28 this year, reporting that it achieved thehighest-ever revenue, operating profit and recurring profit for allbusiness segments. Revenue for FY2005 was up 5.9% to 1,368.7 billion yen, compared to FY2004, which were broken down into 685 billion yen from the domestic flight business (up 3.9%), 229.2 billion yenfrom the international flight business (up 8.7%) and 85 billion yenfrom the cargo business (up 6.7%). ANA achieved the most revenues in each of the business segments in its history.

This Week Contents
Headline
ANA achieved the best financial result ever for FY2005
Airline
*Annual domestic passengers marked the first increase since FY2002
*More direct charters for Central and Eastern Europe this summer
*JAL and ANA to change fuel surcharges on their China flights
Airport
*Kansai expects to increase revenue after the 2nd phase project completes
*Kansai resulted in 7% increase of passengers for FY2005
*Narita resulted in 1% reduction of passengers for FY2005
Industry
*Toray will supply carbon fiber composite materials to Boeing 787 for next 16 years
Column "COCKPIT"
Free to make an airline