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Solaseed Air outlines medium-term management plan

24-Jan-2013 12:34 PM

Solaseed Air released (23-Jan-2013) its 2013-2015 medium-term management plan, which details the following highlights:

  • Fleet: 11 Boeing 737-800 aircraft by the end of 2014;
  • Operations: Targeting on-time departure rate of at least 95.0%;
  • FY2013 forecast:
    • Sales: JPY33,400 million (USD428.2 million);
    • Operating profit: JPY1700 million (USD21.8 million);
    • Operating margin: 5.2%;
    • Net profit: JPY700 million (USD9.0 million);
    • Unit cost: JPY8 (USD 9.0 cents);
    • Seat capacity: +22% year-on-year;
  • FY2014 forecast:
    • Sales: JPY34,800 million (USD446.2 million);
    • Operating profit: JPY2400 million
    • Operating margin: 7.0%;
    • Net profit: JPY800 million
    • Unit costs: JPY7.9 (USD 10.1 cents);
    • Seat capacity: +28% when compared to FY2012;
  • FY2015 forecast:
    • Sales: JPY35,200 million (USD451.3 million)
    • Operating profit: JPY2800 million (USD35.9 million);
    • Operating margin: 8.2%;
    • Net profit: JPY1700 million (USD21.8 million);
    • Unit costs: JPY7.8 (USD 10.0 cents);
    • Seat capacity: +28% when compared to FY2012. [more - original PR - Chinese]