StarFlyer operating profit halved in nine months to Dec-2018

    StarFlyer reported (31-Jan-2019) the following financial highlights for nine months ended 31-Dec-2018:

    • Total operating revenue: JPY29,808 million (USD268.3 million), +3.8% year-on-year;
      • Scheduled passenger: JPY29,503 million (USD265.6 million), +4.1%;
      • Cargo: JPY140 million (USD1.3 million), -19.1%;
      • Non scheduled service: JPY37 million (USD0.3 million), -74.8%;
    • Operating costs: JPY28,497 million (USD256.5 million), +9.8%;
      • Fuel: JPY6281 (USD56.5 million), +14.0%;
    • Operating profit: JPY1309 million (USD11.8 million), -52.9%;
    • Net profit: JPY577 million (USD5.2 million), -96.9%;
    • Passengers: 1.2 million, +4.1%;
    • Passenger load factor: 75.0%, -0.9ppt;
    • Total assets: JPY27,434 million (USD246.9 million);
    • Cash and deposits: JPY5210 million (USD46.9 million);
    • Total liabilities: JPY19,263 million (USD173.4 million).

    *Based on the average conversion rate at JPY1 = USD0.009001