Jetstar Japan reports first full-year profit in FY2016, one year ahead of schedule

Jetstar Japan reported (24-Aug-2016) its first full year profit since launching operations in Jul-2012 in FY2016 ended 30-Jun-2016. Details include:

• Revenue: JPY52.2 billion (USD448.6 million), +24% year-on-year;
• Operating profit: JPY1305 million (USD11.2 million), compared to a loss of JPY7945 million (USD69.6 million) in p-c-p;
• Net profit: JPY63 million (USD541,000), compared to a loss of JPY7571 million (USD66.3 million) in p-c-p;
• Passenger numbers: 5.2 million, +15%;
• Passenger load factor: 83%, +7 ppts;
• ASK: +22%. [more - original PR - English/Japanese]

CEO Geoff Turner said the carrier was able to achieve its first full year profit one year ahead of schedule.

*Based on the average conversion rate at JPY1 = USD0.008588 for FY2016
*Based on the average conversion rate at JPY1 = USD0.008755 for FY2015