16-May-2012 11:46 AM
StarFlyer yield down in FY2011, expects profit declines in FY2012
StarFlyer reported 15-May-2012) the following additional (financial highlights for the 12 months ended 31-Mar-2012:
- Yield: JPY18.0 (USD 22.79cents), -5.8% year-on-year;
- Revenue per ASK: JPY12.5 (USD 15.83cents), -8.1%;
- Cost per ASK: JPY11.8 (USD 14.94cents), -4.8%;
- Passenger numbers: 949,000, +36.7%;
- Load factor: 65.8%, -5.6 ppts;
- Fleet: Six, +1 aircraft;
- Employees: 514, +16.0%;
- FY2012 forecast:
- Revenue: JPY26,846 million (USD340.0 million), +18.9%;
- Operating profit: JPY749 million (USD9.5 million), -36.3%;
- Net profit: JPY843 million (USD10.7 million), -12.7%;
- Passenger numbers: 1.2 million, +31.5%;
- Load factor: 68.7%, +2.9 ppts;
- Number of flights: 16,111, +18.6%;
- Yield: JPY17.5 (USD22.16 cents), -2.8%;
- Revenue per ASK: JPY12.9 (USD 16.34 cents), +3.2%;
- Cost per ASK: JPY12.5 (USD15.83 cents), +5.9%;
- Employees: 655, +27.4%.
*Based on the average conversion rate at USD1 = JPY78.97 for the period
Looking ahead for the year ending 31-Mar-2012, the carrier also outlined the following outlook:
- Apr-2012: Took delivery of its seventh aircraft, an A320;
- May-2012: Scheduled to launch its international reservation system;
- Jul-2012: Launch inaugural international service from Kitakyushu to Busan;
- Aug-2012: Completion of in-house training facility and commencement of its in-house pilot training as part of its cost reduction plans;
- Dec-2012: Take delivery of its eighth aircraft, an A320;
- Mar-2013: Take delivery of its ninth aircraft, an A320.