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Air Do reports doubling of profits in 1HFY2011, improvements to continue in FY2011

6-Dec-2010 11:18 AM

Air Do revenue up 10% - financial highlights for the six months ended 30-Sep-2010 (Nikkan Koku, 03-Dec-2010):

  • Sales*: USD236.6 million, +9.6% year-on-year;
  • Operating profit: USD16.9 million, +133%;
  • “Current profit”: USD16.5 million, +142.2%;
  • Net profit: USD10.5 million, +533.2%;
  • Passenger numbers: +9%;
  • Capacity: +4.3%;
  • Load factor: 77.7%, +3 ppts;
  • FY2011 forecast:
    • Sales: USD446.6 million, +5.8%;
    • Operating profit: USD9.7 million, +80.5%;
    • “Current profit”: USD9.7 million, +56%;
    • Net profit: USD7.2 million, stable.

* Based on the conversion rate at USD1 = JPY82.8549