? Operating profit to revenue: 12.2%
? Achieving four consecutive periods of income and profit growth
Peach Aviation Limited ("Peach"; Representative Director and CEO: Shinichi Inoue) today compiled its results for the period ending March 2017.
The company posted its fourth consecutive year of income and profit growth, posting operating income at 51,709 million yen or 15,989.43 million baht (same period a year earlier: 47,939 million yen = 14,823.67 million baht); operating profit: 6,302 million yen or 1,948.70 million baht (6,181 million yen or 1,911.29 million baht), and current net income at 4,944 million yen or 1,528.78 million baht (2,744 million yen or 848.50 million baht) .
Operating profit to revenue was 12.2%; average seat occupancy was 85.4% (paid seats); and the number of paying passengers was approximately 5.13 million.
Representative Director and CEO Shinichi Inoue offered the following comment "We had many passengers boarding our flights and we have achieved income and profit growth for the fourth consecutive year. I would like to express my heartfelt gratitude to everyone who has supported Peach.
"Last fiscal year, we opened our Bangkok-Naha route, the first such route by an LCC, and we have been making steady progress toward our goal to become a bridge between Japan and Asia. For the people of Thailand and its neighboring countries, this sole route that links Suvarnabhumi International Airport, the closest airport to them, and Okinawa, Japan, was launched in February 2017 and has been enjoying high seat occupancy rates. We would like to take this opportunity to thank the people of Thailand who always offer their support to Peach."
And Peach will move on to its next stage, under the theme, "from price competition to the creation of value". It will continue to offer reasonable fares as it enhances its unique values through experience through initiatives that are not constrained by the frameworks of airlines as it cultivates demand in Asia, where growth continues to be significant.
Peach will continue to prioritize, first and foremost, the safety of its operations and its sound management and aim to become a bridge between Japan and Asia as it makes further advances to demonstrate its uniqueness as a pioneer in the industry.