Risk of Lower Air Travel Demand From International Conflicts, Terrorism and Infectious Diseases
First written in FY2016. 8 of 15 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2025.
Star Flyer moved to the "Worse" side of this theme in 2020.
1 other company's latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Air travel demand continued to trend upward, and the company worked to increase revenue by operating extra and international charter flights, among other measures. As a result, the seat load factor reached a record high of 79.6%, up 2.2 percentage points year on year, since the company's listing.」
The disclosure noted that the impact of the decline in demand due to infectious diseases had eased, and that the company operated extra and international charter flights and achieved a seat load factor of 79.6%. - FY2024-Q1MitigatedAnnual report
「The impact of novel coronavirus disease is gradually easing, and the recovery in air passenger demand is becoming more established. At the company, the seat load factor has also nearly recovered to the level before the spread of the infectious disease.」
Although the impact of the decline in demand due to infectious diseases remains, the disclosure states that the impact of the infectious disease has eased and that air passenger demand and the seat load factor have recovered. - FY2023-Q3MitigatedAnnual report
「Compared with the same period of the previous year, demand gradually recovered. In addition to cash flow from operating activities being positive for the cumulative second quarter, the company recorded operating income of ¥1,311 million in the third quarter alone.」
The impact of the decline in demand due to infectious diseases remained, but the disclosure noted a recovery in demand, a return to positive net cash from operating activities and an operating profit for the standalone third-quarter accounting period. - FY2023-Q2MitigatedAnnual report
「Although demand gradually recovered compared with the same period of the previous year and operating results clearly showed signs of improvement, to the extent that quarterly operating profit would have reached the expected level absent the effects of higher crude oil prices and a weaker yen, net cash provided by operating activities for the cumulative second-quarter period turned positive.」
The impact of the decline in demand due to infectious diseases remained, but the disclosure noted a recovery in demand, a return to positive net cash from operating activities and a year-on-year reduction in net loss. - FY2023-Q1MitigatedAnnual report
「Although demand gradually recovered compared with the same period of the previous year and operating results clearly showed signs of improvement, to the extent that quarterly operating profit would have reached the expected level absent the effects of higher crude oil prices and a weaker yen, higher crude oil prices and a significant depreciation of the yen had a substantial impact on operating results. The company recorded a quarterly net loss of ¥1,415 million for the cumulative first-quarter period, compared with a quarterly net loss of ¥1,581 million in the same period of the previous year, and total net assets decreased to ¥1,198 million at the end of the first-quarter accounting period.」
Demand recovered and the loss narrowed despite the infectious disease, partially mitigating its impact from the same period of the previous year. However, the quarterly net loss of ¥1,415 million indicates that the impact remains. - FY2022MitigatedAnnual report
「Although demand gradually recovered and operating results clearly showed signs of improvement compared with the previous fiscal year, conditions remained extremely difficult. The company recorded a net loss for the fiscal year of ¥4,986 million, compared with a net loss for the fiscal year of ¥10,067 million in the previous fiscal year, and total net assets were ¥1,357 million at the end of the fiscal year.」
The impact of the decline in demand due to infectious diseases continued, but the net loss for the fiscal year narrowed from ¥10,067 million to ¥4,986 million. Net assets were ¥1,357 million, and the impact remains significant. - FY2022-Q3MitigatedAnnual report
「Compared with the same period of the previous year, demand has gradually recovered and performance has steadily improved, including an operating income of ¥90 million in December alone. However, conditions remain extremely challenging. The company recorded a quarterly net loss of ¥3,069 million for the cumulative third quarter (quarterly net loss of ¥7,507 million in the same period of the previous year), and total net assets at the end of the third quarter were ¥2,551 million.」
The impact of the decline in demand due to infectious diseases continued, but the disclosure noted a recovery in demand and year-on-year reductions in operating and net losses. However, the cumulative net loss was ¥3,069 million, so the impact remains significant. - FY2022-Q1MitigatedAnnual report
「Although demand gradually recovered and operating results clearly showed signs of improvement compared with the same period of the previous year, conditions remained extremely difficult. The company recorded a quarterly net loss of ¥1,581 million for the cumulative first-quarter period, compared with a quarterly net loss of ¥3,773 million in the same period of the previous year, and total net assets were ¥4,221 million at the end of the first-quarter accounting period.」
The impact of the decline in demand due to infectious diseases continued, but the disclosure noted a recovery in demand and a narrowing loss. However, the quarterly net loss of ¥1,581 million and net assets of ¥4,221 million indicate that the impact remains significant. - FY2021WorsenedAnnual report
「However, even one year after the spread of the infectious disease began, there were still no signs of an end to the outbreak, operating conditions remained extremely difficult, and the company recorded a net loss for the fiscal year of ¥10,067 million.」
The infectious disease risk continued in the form of novel coronavirus disease, and its impact on full-year operating results increased, including a net loss for the fiscal year of ¥10,067 million. - FY2021-Q3WorsenedAnnual report
「Although demand is gradually recovering and operating results are showing signs of improvement compared with the cumulative second-quarter period, conditions remain extremely difficult. The company recorded a quarterly net loss of ¥7,507 million for the cumulative third-quarter period, and total net assets were ¥94 million at the end of the third-quarter accounting period.」
The decline in air travel demand due to infectious diseases continued. Although a partial recovery in demand was reported, the impact on operating results and financial position increased, with a quarterly net loss of ¥7,507 million and net assets of ¥94 million. - FY2021-Q2WorsenedAnnual report
「Although demand is gradually recovering and operating results are showing signs of improvement compared with the cumulative first-quarter period, conditions remain extremely difficult. The company recorded a quarterly net loss of ¥6,411 million for the cumulative second-quarter period, and total net assets were ¥777 million at the end of the second-quarter accounting period.」
The decline in demand due to infectious diseases continued, increasing the impact on operating results and financial position, as reflected in a quarterly net loss of ¥6,411 million and net assets of ¥777 million. - FY2021-Q1MaterialisedAnnual report
「The company recorded a quarterly net loss of ¥3,773 million for the cumulative first-quarter period, and total net assets were ¥3,264 million at the end of the first-quarter accounting period.」
The continuing decline in air travel demand due to infectious diseases has appeared in actual operating results and financial position in the form of a quarterly net loss of ¥3,773 million and a significant decline in net assets. - FY2020MaterialisedAnnual report
「The novel coronavirus disease was first identified in China at the end of 2019 and, as of the filing date, had spread to more than 100 countries and regions. Due to entry restrictions imposed by various countries and requests in Japan to refrain from traveling between prefectures, demand for the company's services has also contracted sharply since late February.」
The decline in demand due to infectious diseases, previously described as a possibility, actually occurred in the form of the spread of novel coronavirus disease and a contraction in demand. - FY2017RestatedAnnual report
「International conflicts, major terrorist attacks, outbreaks of infectious diseases and similar events could materially affect air travel demand.」
The risks of declining air travel demand and higher insurance and security costs due to international affairs, terrorism and infectious diseases remain. - FY2016First statedAnnual report
「International conflicts, major terrorist attacks, outbreaks of infectious diseases and similar events could materially affect air travel demand.」
The Company identifies lower demand resulting from abrupt changes in the external environment, as well as higher insurance and security costs, as risks.