04-Nov-2008 4:44 PM
Skymark Airlines - Earnings succumbing to turmoil; falls back into the red in 1H09
Analysis
Japanese LCC, Skymark Airlines, slipped to an operating loss of USD27.3 million in the six months ended 30-Sep-08 (after reported an operating profit of USD28.0 million in the previous corresponding period) and a net loss of USD21.1 million (compared to a net profit of USD26.7 million in 1H07). Revenues also slipped in the period, by 17.8% year-on-year, to USD224.7 million.
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