Peach reports second consecutive year of revenue and profit growth in FY2014

Peach reported (23-Jun-2015) its second consecutive year of revenue and profit growth in FY2014 ended 31-Mar-2015. Looking ahead in FY2015, CEO Shinichi Inoue said the carrier aims to achieve revenue and profit growth again by "committing ourselves to eliminating cumulative losses." FY2014 financial details include:

• Operating revenue: JPY37,141 million (USD338.0 million), +21.4% year-on-year;
• Operating profit: JPY2865 million (USD26.1 million), +42.8%;
• Net profit: JPY1068 million (USD9.7 million), +2.1%;
• Passenger numbers: 3.6 million;
• Passenger load factor: 85.9%.

Peach CEO Shinichi Inoue said (23-Jun-2015) the carrier was able to attract a new customer base, allowing the LCC to achieve an unprecedented load factor which saw the carrier achieve its second consecutive year of revenue and profit growth in FY2014 ended 31-Mar-2015. He said, "We successfully won new target groups beyond our traditional customer base. This allowed us to achieve, throughout the year, a high load factor that was unachievable for traditional air carriers." He also said the carrier is now actively promoting its route expansion. [more - original PR - Japanese]

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