20 April, 2000 — All Nippon Airways (ANA) today announced its first summer season fares since the deregulation of the domestic air services market from February 1, 2000. The new fares, covering the period from July-September, offer an increased range of choice for passengers over the old fare system, and ANA hopes that by providing fares that are easy and convenient to use the company will be able to further boost revenues in its domestic business.

For the second quarter of fiscal 2001 (ending March 31, 2001) ANA will introduce a new "standard fare" which will be used as a reference point for all ANA fare types. The standard fare will be ¥2000 more than existing regular one-way fares. In addition, during limited periods of high demand, ANA will create a new fare type - a "standard one-way fare" - which will correspond with standard fare levels. However, compared with peak season fares in previous years, the one-way standard fare will be applicable to a much shorter travel period: 11 days on most routes, and 4 days on 11 out of a total of 84 routes - this compared with 47 days on all routes in 1999.

Round-trip fare levels, which are an average of 2% less than 1999 "normal fare" (full-fare) levels, will be available on all routes for the entire July-September period excepting an 11 day period from August 10-August 20. ANA's "tokuwari" discount fare (offering discounts on flights booked up until the day before departure on selected routes), will also be offered throughout the period.

ANA's "Super Discount" fare, a fare introduced from April offering travel on all ANA domestic routes for just ¥10,000 (US $95) during specified reservation and travel periods, will be offered for 10 days during the period - allowing passengers to take advantage of unrivaled prices for summer travel.

"Super Discount" Fare Survey Results

An internet survey conducted by ANA in March revealed that the majority of passengers praised ANA's new "super discount" fare type as "highly transparent" and "easy to understand". Super discount fares, offered for specified booking and travel periods, are applicable for all available seats throughout ANA's domestic network.

From April-June, ANA offered super discount fares for a total of nine days and attracted over 280,000 reservations. During the first "super discount" travel period (April 17-April 23, for fares sold February 17-February 23), 190,000 passengers are booked to travel using "super discount" tickets - representing approximately one third of total individual domestic passenger numbers for the period. Overall, ANA expects an overall increase of 150,000 individual passengers compared with the same period last year - meaning that approximately 80% of passengers travelling on super discount tickets may be considered as "additional" passengers.

Survey results further revealed that 80% of respondents chose to travel on ANA because of the availability of super discount fares - again, representing an expansion of passenger demand in response to the new fare type.

Details of all fare types for the July-September period may be found on the attached pages.

Fare types for July-September:

I Regular and Standard One-way Fares

In addition to "regular one-way" fares, announced for the first quarter, ANA has introduced a "standard one-way" fare for the July-September period.

Standard one-way fares will be applicable during the following travel periods:

1. For an 11 day period on 73 routes (out of a total of 84 domestic routes) [Reference: shortening of high demand period compared to last year] 2000: August 10-August 20 (total of 11 days) 1999: July 16-August 31 (total of 47 days)

2. For a 4-day period on the following 11 routes:

[Reference: shortening of high demand period compared to last year]

2000: August 11-August 14 (total of 4 days)
1999: July 16-August 31 (total of 47 days)

II Round-trip Fares

- a fare for round-trip travel set at an average of 2% less than 1999 normal fare levels
- will be offered on all routes throughout July-September except for August 10-August 20
- round-trip fares will be the same as April-June levels during periods July 1-July 13 and September 1-September 30
- round trip fare levels will increase by 5% during periods July 14-August 9 and August 21-August 31

III Super Discount Fares

- a ¥10,000 (US $95) fare offered during specified reservation and travel periods for travel throughout ANA's domestic network
- all seats not yet purchased by the beginning of the set reservation period will be offered for sale at the designated price
- discount levels are up to 77.3% off regular one-way fare levels (eg. on Sapporo-Fukuoka, Shonai-Kansai routes)

Super discount fares for the second quarter will be as follows:

** this fare only available for passengers aged 65 or over

III Tokuwari and Hayawari (advance booking) Discount Fares

- ANA will announce details concerning fares at a later date
- "tokuwari" discounts will be offered on all flights on routes competing with high-speed railway services and on early morning/late evening flights on other selected routes throughout the second quarter

IV Standard Fares (New)

- a fare type representing the upper limit of the fare range, varying according to route
- applicable during seasons of high demand, such as "Obon" (harvest festival) and year-end travel periods
- ¥2000 more than regular one-way fares