Star Flyer announced its financial results for the April-June 2024 period, reporting a net loss of 598 million yen.
The airline’s revenue was 10.06 billion yen, with an operating loss of 854 million yen. The conversion of provisions for regular maintenance costs resulted in an impact of 621 million yen. Foreign exchange gains from currency hedges were recorded at 396 million yen.
The full-year performance forecast for the fiscal year ending March 2025 remains unchanged, with expected revenue of 42.69 billion yen, an operating income of 1.21 billion yen, and a net income of 1.37 billion yen. The exchange rate assumption is 140 yen to the US dollar.
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