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Skynet Asia Airways reports second consecutive net profit, Skymark focuses on expansion

24th June, 2009

Japanese LCC, Skynet Asia, reported a 1.4% year-on-year revenue increase for the 12 months ended 31-Mar-09 (FY2008/09) to USD235.1 million. The carrier reported an operating profit of USD1.5 million, which was down 61.9% year-on-year, as operating costs increased 2.5% to USD233.6 million for the period. Skynet cites increased fuel and maintenance costs as key reasons behind the increase in operating costs. [516 words]

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This report contains the following subheadings:

  • Skymark Airlines focuses on fleet and network expansion

This report contains the following charts and tables:

  • Skynet Asia Airways financial highlights for 12 months ended 31-Mar-09
  • Skymark Airlines capacity breakdown by city pairs (seats per week as % of total)
  • Japan domestic capacity share by carrier (seats per week as % of total)