AirTrip Corp. revised consolidated earnings guidance for the fiscal year ending September 30, 2023. For the period, the company revised consolidated net sales from JPY 17,000 million to JPY 19,000 million, consolidated operating profit from JPY 1,000 million to JPY 1,600 million, orofit attributable to owners of parent from JPY 700 million to JPY 1,100 million and consolidated earnings per share from JPY 31.59 to JPY 49.62.

Since the announcement of the full-year earnings forecast (November 14, 2022), the AirTrip Online Travel Business, especially in the domestic travel domain, has been performing well, driven by the rising demand for travel triggered by the National Travel Assistance. As for other existing business areas, the business continues to progress favorably and steadily. Operating income for the first quarter of the fiscal year ending September 30, 2023, was JPY 579 million.

Excluding one-time factors from the previous period, real operating income increased, achieving a year-on-year increase in both sales and income in real terms and performing well against the forecast at the beginning of the period. In addition, since the beginning of the second quarter, demand in the AirTrip Online Travel Business, especially in the domestic travel field, has been on a further recovery trend due to continue the National Travel Assistance and other factors, and the overseas travel field is also on a recovery trend. Based on the above, the company have revised upward its previously announced full-year consolidated earnings forecast for the fiscal year ending September 30, 2023, as The company expects an increase in sales revenue and profit/loss at each stage of the business due to the strong performance of the above existing businesses.

In light of the uncertain socioeconomic situation, the current fiscal year's forecast is conservative and does not factor in upside factors such as significant growth in domestic travel revenue due to the complete convergence of Corona-Virus Disease-2019, recovery in overseas travel revenue due to the easing of waterfront measures around the world, and contributions from the investment business, and the same applies to the revised forecast.