Solaseed Air Reports a Net Loss of 2.39 Billion Yen for Fiscal Year Ending March 2025

Solaseed Air announced its financial results for the fiscal year ending March 2025. The net loss was 2.39 billion yen.

Operating revenue was 52.01 billion yen, operating expenses were 51.15 billion yen, operating profit was 859 million yen, and ordinary profit was 818 million yen. The paid seat occupancy rate was 76.4%.

Despite recording the highest-ever number of passengers and operating revenue, costs increased due to a significant rise in dollar-denominated expenses such as maintenance-related costs and aircraft lease expenses caused by the yen’s depreciation and rising prices, as well as the hike in outsourced and personnel costs due to labor shortages and rising wage levels.

For the fiscal year ending March 2026, operating income is expected to be 56.6 billion yen, operating profit 900 million yen, and ordinary profit 400 million yen.

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