Skymark Airlines reiterates going concern, continuing negotiations with Airbus

Skymark Airlines reiterated (30-Oct-2014) there is "material uncertainty" whether the carrier will remain a going concern, adding it is continuing negotiations with Airbus to reduce the "large amount" of penalty being sought by the manufacturer following the cancellation of its A380 order. Spokesperson Yuka Izumaru said that negotiations with Airbus "are likely to continue into next month," adding "the weaker yen and intensifying competition with LCCs is impacting earnings." [more - original PR - Japanese]