Jetstar Japan reports third consecutive year of profitability in FY2018

    Jetstar Japan reported (29-Aug-2018) its third consecutive year of profitability in FY2018, for the period ended 30-Jun-2018. The carrier also reported accumulated passengers as of Aug-2018 reached 26 million. Details are as follows:

    • Revenue: JPY57 billion (USD516.8 million), +8% year-on-year;
    • Operating profit: JPY1134 million (USD10.3 million);
    • Net profit: JPY953 million (USD8.6 million), +91%;
    • Passengers: 5.36 million;
    • Passenger load factor: 87%, +2ppts. [more – original PR – Japanese]

    *Based on the average conversion rate at JPY1 = USD0.009067