Impact of higher crude oil prices on fuel costs and operating results
First written in FY2023. 11 of 12 entries say "Materialised", first in FY2024-Q1. Latest entry: FY2027-H1.
Skymark Airlines moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2023: 6 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2027-H1MaterialisedAnnual report
「Operating expenses amounted to ¥53,199 million, up 6.5% year on year, as business expenses increased due to higher costs associated with inflation in Japan and overseas and the weaker yen, as well as costs related to the introduction of new aircraft, one of the company's key strategies for medium- to long-term growth.」
Business expenses amounted to ¥53,199 million, up 6.5% year on year, due to inflation in Japan and overseas, the weaker yen, and costs related to the introduction of new aircraft, with the increase in costs reflected in actual results. - 2026-08-07MaterialisedResults
「営業費用につきましては、国内外のインフレや円安に伴うコスト上昇、中東情勢の影響による航空燃料価格の高騰に加え、当社の中長期成長に向けた主要戦略の一つである新機材導入関連の費用が発生したことなどから事業費が26,240百万円（前年同期比11.9％増）となり、」
インフレ、円安、航空燃料価格高騰および新機材導入関連費用により事業費が増加した。 - FY2026MaterialisedAnnual report
「Operating expenses have continued to trend upward due to the weaker yen, higher prices resulting from global inflation, and reductions in government support. In response to these cost increases, the company worked to contain expenses through its own initiatives and strict cost controls, while prioritizing the funds required for safe operations, including a review of operations and reductions in maintenance costs through optimization of maintenance plans as new aircraft are introduced. However, it was unable to absorb the full increase in costs.」
Operating expenses continued to increase due to the weaker yen, inflation, and reductions in government support, and operating income declined year on year because cost-control measures were insufficient to absorb the entire increase. - FY2026-H1MaterialisedAnnual report
「Operating expenses have continued to trend upward due to higher prices caused by the weaker yen and global inflation, as well as reductions in government subsidies. The company worked to contain expenses through its own initiatives, including reviewing operations and strengthening cost controls, but was unable to absorb the full increase in costs. As a result, operating income declined year on year.」
Operating expenses increased against a backdrop of the weaker yen, higher prices due to inflation, and reductions in government subsidies, resulting in business expenses of ¥49,951 million, up 2.5% year on year, and operating income down 47.8% year on year. - FY2025-H1MaterialisedAnnual report
「Business expenses amounted to ¥48,731 million, up 6.2% year on year, due to higher prices for fuel and other items amid global inflation, while operating income was ¥2,324 million, down 26.9% year on year.」
Higher prices for fuel and other items resulted in an actual increase in business expenses, which amounted to ¥48,731 million, up 6.2% year on year. - FY2024MaterialisedAnnual report
「Costs increased significantly more than expected due to the sharp depreciation of the yen, soaring crude oil prices, and rising global inflationary pressures.」
Soaring crude oil prices, along with the weaker yen and inflation, emerged as actual drivers of cost increases. - FY2024-Q3MaterialisedAnnual report
「Business expenses amounted to ¥68,596 million, up 24.4% year on year, due to an increase in the number of flights, higher aviation fuel costs resulting from surging fuel prices and higher outsourcing costs for aircraft maintenance,」
The increase in aviation fuel costs resulting from surging fuel prices actually occurred, and higher outsourcing costs for aircraft maintenance also contributed, bringing business expenses to ¥68,596 million, up 24.4% year on year. - FY2024-Q2MaterialisedAnnual report
「Business expenses amounted to ¥45,905 million, up 26.3% year on year, due to an increase in the number of flights, up 3.0% year on year, as well as higher aviation fuel costs resulting from surging fuel prices and higher outsourcing costs for aircraft maintenance, while operating profit amounted to ¥3,180 million, up 93.5% year on year.」
The increase in aviation fuel costs resulting from surging fuel prices occurred as an actual factor behind the increase in business expenses. Higher outsourcing costs for aircraft maintenance also contributed, bringing business expenses to ¥45,905 million. - FY2024-Q1MaterialisedAnnual report
「Business expenses amounted to ¥22,248 million due to an increase in the number of flights, up 7.6% year on year, as well as higher aviation fuel costs resulting from surging fuel prices and higher outsourcing costs for aircraft maintenance, resulting in an operating loss of ¥1,436 million.」
The increase in aviation fuel costs resulting from surging fuel prices occurred as an actual factor behind the increase in business expenses, resulting in an operating loss of ¥1,436 million. - FY2023First statedAnnual report
「Because fuel costs account for a substantial portion of our operating expenses, significant fluctuations in fuel costs resulting from changes in the availability or price of fuel could materially affect our operating results.」
The company disclosed the risk of higher fuel costs due to crude oil prices, geopolitical factors such as Russia’s invasion of Ukraine, and foreign exchange rates, as well as measures to mitigate volatility risk through commodity swaps.