Miyazaki (KMI/RJFM)-based Skynet Asia Airways (6J/SNJ), doing business as Solaseed Air, announced a revised Fiscal Years 2013 - 2015 Mid-Term Plan with less optimistic results. The company blamed the cost of fuel remaining high, a weak Japanese Yen (JPY), and increased competition.
Estimated total revenue by end of fiscal year 2015 was brought up from 3.5 billion JPY to 3.92 billion JPY, however, their target operating margin of 8% has been lowered to 4%, while their goal for unit cost per available seat kilometer (ASK) by 2015 became 7 JPY, instead of 8.5 JPY. The target figure for flight completion rate was kept at 99%, but on-time rate was lowered from 95% to 93%.
Meanwhile, their ninth brand-new Boeing 737, B737-86N(WL) JA809X, was delivered on March 28th. Two more will arrive this year, each in June and September, enabling them to phase out the last four B737-400s by October. Another will be delivered by April next year, bringing the fleet to 12 B737-800s. New routes are to be announced in the coming months, and the airline is said to be considering regional international routes to and from Nagasaki and Naha/Okinawa (OKA/ROAH).
Regional international routes... will they be able to find a niche in a type of market where LCCs can generally perform better and are increasing their presence in?
The B737 'Classics' are slowly being phased out from Japanese skies. I've written a report on one of their B737-400 flights (CoachFlyer 6J034: NGS - HND on Solaseed Air's Boeing 737.).
Source: Skynet Asia Airways, March 27th. (PDF; in Japanese)
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| Sporting Kumamoto prefecture's popular mascot, Boeing 737-81D(WL) JA802X Kumamon GO! taxies for departure at Haneda. (Photo: Ryosuke Yano) |
Estimated total revenue by end of fiscal year 2015 was brought up from 3.5 billion JPY to 3.92 billion JPY, however, their target operating margin of 8% has been lowered to 4%, while their goal for unit cost per available seat kilometer (ASK) by 2015 became 7 JPY, instead of 8.5 JPY. The target figure for flight completion rate was kept at 99%, but on-time rate was lowered from 95% to 93%.
Meanwhile, their ninth brand-new Boeing 737, B737-86N(WL) JA809X, was delivered on March 28th. Two more will arrive this year, each in June and September, enabling them to phase out the last four B737-400s by October. Another will be delivered by April next year, bringing the fleet to 12 B737-800s. New routes are to be announced in the coming months, and the airline is said to be considering regional international routes to and from Nagasaki and Naha/Okinawa (OKA/ROAH).
Regional international routes... will they be able to find a niche in a type of market where LCCs can generally perform better and are increasing their presence in?
The B737 'Classics' are slowly being phased out from Japanese skies. I've written a report on one of their B737-400 flights (CoachFlyer 6J034: NGS - HND on Solaseed Air's Boeing 737.).
Source: Skynet Asia Airways, March 27th. (PDF; in Japanese)
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