[Featured Stock] Jin Air Rises Over 10% on Domestic Route Expansion News
[Asia Economy Reporter Geum Boryeong] Jin Air, which has been released from sanctions by the Ministry of Land, Infrastructure and Transport, is showing strength following news of its domestic route expansion.
According to the Korea Exchange, as of 2:13 PM on the 3rd, Jin Air's stock price rose 10.75% (1,150 KRW) from the previous close to 11,850 KRW.
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It is interpreted that the stock price was influenced by Jin Air's announcement earlier that morning that it will operate irregular flights on the Gimpo~Yeosu and Yeosu~Jeju routes for about a month starting from the 19th. Jin Air plans to operate one round trip daily on these routes and decide whether to convert them into regular flights based on operational performance.
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