Jeju Air Reports Operating Loss of 336 Billion KRW Last Year... Deficit Widens
[Asia Economy Reporter Dongwoo Lee] Jeju Air announced on the 15th that it recorded an operating loss of 335.8 billion KRW on a consolidated basis last year, widening the deficit compared to the previous year (32.9 billion KRW).
Revenue decreased by 72.8% during the same period to 377 billion KRW, and net loss worsened to 313.8 billion KRW.
The operating loss for the fourth quarter was 114.6 billion KRW. Revenue and net loss were 52.2 billion KRW and 45 billion KRW, respectively.
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Jeju Air stated, "Passenger transport revenue decreased and net loss increased due to COVID-19."
This content was produced with the assistance of AI translation services.
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