Skynet Asia Airways reports second consecutive net profit, Skymark focuses on expansion

Premium Analysis

Japanese LCC, Skynet Asia, reported a 1.4% year-on-year revenue increase for the 12 months ended 31-Mar-09 (FY2008/09) to USD235.1 million. The carrier reported an operating profit of USD1.5 million, which was down 61.9% year-on-year, as operating costs increased 2.5% to USD233.6 million for the period. Skynet cites increased fuel and maintenance costs as key reasons behind the increase in operating costs.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 513 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.