ALL Nippon Airways (ANA) Cargo expects to post its first profit in 2011, according to its head Kiyoshi Tonomoto.
Tonomoto said that increased demand from China for Sony electronics and Toyota cars was behind the boost.
"The growth in cargo demand is going to be intra-Asia," Tonomoto said adding that he predicts sales to double to ¥200 billion (US$2.3 billion).
ANA has been focusing on airfreight within Asia, unlike Japan Airline's trans-Pacific routes, which, with China's slight recovery, has allowed it to recover quicker.
To take advantage of the expected recovery ANA is planning to add another two freighters by 2011, increase the size of the freighters serving Europe and the US and to double the overall sales made from freight to 15 per cent. |
