6-Dec-2010 11:18 AM
Air Do reports doubling of profits in 1HFY2011, improvements to continue in FY2011
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