Skymark Airlines Inc. exited bankruptcy administration and forecast its first operating profit in three years after reducing its fleet, cutting routes and getting new funding, Bloomberg News reported today. The carrier expects to report 1.5 billion yen ($13 million) in operating profit and sales of 70 billion yen for the year ending March 31, Skymark said today. Skymark also said it’s targeting an “early relisting” of its shares after filing for bankruptcy protection last year. Private equity firm Integral Corp. took a 50.1 percent stake in the company as part of its turnaround, while ANA Holdings Inc. owns 16.5 percent and is supporting the airline in areas including aircraft maintenance and code-sharing.
