Skymark Airlines of Japan expects to post a ¥2.1 billion ($22.6 million) loss in the fiscal year ending March 31 but should return to profit the following year, President Shinichi Nishikubo told Bloomberg News. Skymark expects to return two leased 767s, helping it cut costs and boost net earnings to approximately ¥2.6 billion in the 2009-10 fiscal year. It is reconfiguring its fleet around the 737 and plans to operate 11 by the end of the current FY.
Subscribe to Access this Entire Article
"Other News - 12/08/2008" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.