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ANA Financial Results for the First Quarter of Fiscal Year 2009

H1N1 Flu Compounds Global Recession Causing Operating and Net Losses

TOKYO -- (Marketwire) -- 07/31/09 -- ANA Group today announced its financial results for the first quarter of the current fiscal year, ending June 30, 2009. Consolidated revenue dropped 21.9% year-on-year to 269.8 billion yen, leading to an operating loss of 42.4 billion yen for the three month period April1 to June 30, despite a fall in costs of 5.6% to 312.3 billion yen. A net loss of 29.2 billion yen was reported.

"Beset by H1N1 influenza, which came on top of the global recession to further suppress demand to levels not seen before, the three month period under review was tough in the extreme," said Tomohiro Hidema, ANA's Executive Vice President, Finance. "Individual consumption in Japan was down, as companies saw tumbling revenues across the board and capital investment fell. While we managed to achieve around 6% in cost-savings in this quarter, continuing the trend from last year, this was far outweighed by the fall in revenue.

Looking forward to the next three months, the effect of H1N1 lessened as we moved into July and for the summer we are doing our best to stimulate demand for leisure travel. We thus expect an improvement in passenger numbers, albeit slight. In order to keep the impact of the first quarter fall in revenue on the entire year to a minimum, from the second quarter we shall implement an Emergency Income Recovery Plan to the tune of 30 billion yen. This is in addition to our plans to cut a further 73 billion yen in costs, our most ambitious cost reduction effort to date.

To view the full announcement please click on the link below;

http://www.rns-pdf.londonstockexchange.com/rns/6445W_1-2009-7-31.pdf

For the detail, please access the following site;

http://www.ana.co.jp/eng/aboutana/corporate/ir/pdf/tan_090731_e.pdf

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