T'way Air Reports Q3 Operating Loss of 39 Billion KRW... Deficit Widens Year-on-Year

[Asia Economy Reporter Kim Heung-soon] T'way Air announced on the 15th that it recorded sales of 53 billion KRW and an operating loss of 39 billion KRW in the third quarter of this year based on consolidated financial statements. Sales increased by 9% compared to 48.6 billion KRW in the third quarter of last year, but the operating loss widened from 31 billion KRW. Amid the COVID-19 pandemic, sales increased through the expansion of domestic routes, but profitability deteriorated instead.

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