Solaseed Air Reports Net Profit of 1.01 Billion Yen for April-September 2023

Solaseed Air JA812X

Solaseed Air has announced its interim financial results for the fiscal year ending March 2024. The net income was a profit of 1.01 billion yen.

Operating revenue was 23.985 billion yen (an increase of 5.952 billion yen from the same period of the previous year), operating expenses were 23.085 billion yen (an increase of 3.781 billion yen), operating profit was 0.9 billion yen (an increase of 2.171 billion yen), and ordinary profit was 0.927 billion yen (an increase of 1.325 billion yen).

The number of flights operated was 14,434 (an increase of 795 flights), the flight operation rate was 97.8% (a decrease of 0.4%), the on-time departure rate was 89.7% (a decrease of 5.6%), and the load factor was 69% (an increase of 12.1%).

The company has revised its full-year performance forecast upwards, raising its operating revenue projection to 49.1 billion yen (previously forecasted at 47.6 billion yen). The projections for operating profit of 1 billion yen and ordinary profit of 0.9 billion yen remain unchanged.

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