Skymark returns to profitability in 1QFY2011

Skymark Airlines revenue jump 18.6% - financial highlights for the three months ended 30-Jun-2010 (Reuters, 29-Jul-2010):

• Revenue*: USD1120.8 million, +18.6% year-on-year;
• Operating profit: USD12.9 million, compared with a loss of USD4.6 million in p-c-p;
• "Recurring profit": USD11.1 million, compared with a loss of USD4.9 million in p-c-p;
• Net profit: USD8.2 million, compared with a loss of USD5.2 million in p-c-p;
• FY2011 forecast:
  • Revenue: USD588.0 million;
  • Operating profit: USD53.0 million;
  • Recurring profit: USD51.9 million;
  • Net profit: USD28.8 million.

*Based on the conversion rate USD1 = JPY86.7309