Jetstar Japan has announced its financial results for the fiscal year ending in June 2024. The company has returned to profitability for the first time in five years since the fiscal year 2019, with a final profit of ¥507 million.
Operating revenue reached a record high of ¥70.772 billion (a 40% increase from the previous fiscal year), while operating losses were at ¥13.31 billion. The company continued to be affected by the weaker yen and high fuel costs.
The total number of passengers was 5.662 million (a 22.6% increase), the average annual load factor was 86.4% (up from 79.1% the previous year), and the on-time operation rate was 81.1% (down from 87%).
Yoshi Kataoka, President and CEO, stated, “This term, we faced various challenges such as the weaker yen and high fuel prices, but we have achieved a net profit for the first time since the fiscal year 2019 by continuing to focus on expanding our business. We would like to express our sincere gratitude to the many customers who used our service and everyone involved who supported our business.”
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