Starflyer Earns First Mid-Term Profit
Kitakyushu-based airline Starflyer earned 57 million yen in current profit and 47 million yen in net profit on revenue of 8.578 billion yen, according to its consolidated interim report for the current fiscal year. It is the first mid-term profit earned by the company in its existence, and came despite a 3.9% year-on-year decline in sales. The profits were attributed to cheaper fuel and corporate cost-cutting moves.