Japanese LCCs report USD14 million combined operating loss on USD1.3 billion of sales in FY2008/0

Japan’s five stand alone LCCs - Skymark, Air Do, Skynet Asia, Star Flyer and IBEX – reported a combined operating loss of JPY1.4 billion (USD14.4 million) in FY2008 (12 months ended 31-Mar-09), on revenues of JPY120.8 billion (USD1.3 billion), according to new research from the Centre. However, this result was distorted by Skymark’s JPY2.5 billion (USD26.7 million) operating loss. Excluding Skymark, the four smaller Japanese LCCs reported an operating profit of JPY1.2 billion (USD12.3 million).

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