Peach Aviation posts fiscal net loss on Vanilla Air merger
Peach Aviation slipped to a net loss in its fiscal year ended March 31, which the carrier partly attributed to costs associated with its merger with Vanilla Air. Peach reported a net loss of JPY193m (US$1.8m) for the 2018 fiscal year, reversed from a profit of JPY3.7b in the previous year. The airline noted that “integration-related costs were recorded ahead of schedule.” Peach CE Shinichi Inoue said the carrier has “steadily been promoting the integration process, which is due to be completed by around the end of this fiscal year” March 31, 2020. Inoue said the route from Tokyo Narita to Okinawa was the first to be transferred from Vanilla to the Peach brand June 1. Such moves will “further enhance both our domestic and international routes via the network centered on the Tokyo metropolitan area that has been cultivated by Vanilla Air.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-06-28/unaligned/peach-aviation-posts-fiscal-net-loss-on-vanilla-air-merger
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Peach Aviation posts fiscal net loss on Vanilla Air merger
Peach Aviation slipped to a net loss in its fiscal year ended March 31, which the carrier partly attributed to costs associated with its merger with Vanilla Air. Peach reported a net loss of JPY193m (US$1.8m) for the 2018 fiscal year, reversed from a profit of JPY3.7b in the previous year. The airline noted that “integration-related costs were recorded ahead of schedule.” Peach CE Shinichi Inoue said the carrier has “steadily been promoting the integration process, which is due to be completed by around the end of this fiscal year” March 31, 2020. Inoue said the route from Tokyo Narita to Okinawa was the first to be transferred from Vanilla to the Peach brand June 1. Such moves will “further enhance both our domestic and international routes via the network centered on the Tokyo metropolitan area that has been cultivated by Vanilla Air.” <br/>
