Air Busan, 2023 as the Year of Rebound ... Pursuing Record High Sales Target

Air Busan CEO Byeongseok An is delivering a New Year's address to employees at the opening ceremony on the 2nd.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Duyul] Air Busan announced that it has set its management policy for this year as ‘New Take-off 2023’ and aims to make 2023 the first year of a new leap forward.

On the 2nd, Air Busan held a kick-off ceremony at its headquarters located in Gangseo-gu, Busan, and began its first business of 2023.

At this event, Air Busan pledged to achieve its highest-ever sales this year with four key focus goals along with the 2023 management policy: ▲Safety ▲Incorporation of profit and cost concepts ▲Maximization of operating profit ▲Communication.

Last year, in line with the recovery trend in travel, Air Busan boosted its fourth-quarter performance through aggressive route expansion and operation of charter flights.

In the fourth quarter of last year, Air Busan operated a total of 2,339 international flights, carrying approximately 390,000 passengers, which represents an increase of over 90% in flights and over 130% in passengers compared to the previous third quarter.

Compared to the fourth quarter of 2021, the number of flights increased by about 3,000%, and the number of passengers increased by more than 5,300%, showing a significant rise in both flights and passengers.

Notably, the passenger growth rate exceeded the flight growth rate, indicating that demand surpassed supply numerically.

An Air Busan official stated, “Considering that the aviation market is entering a full-fledged post-COVID era this year, this trend of increasing passengers is expected to continue.”

Air Busan CEO Ahn Byung-seok said, “If 2022 was a year when hope became a reality, then 2023 will be the year to prove Air Busan’s competitiveness,” adding, “I firmly believe that this year will be a year of new leap forward with the achievement of the highest-ever sales and a turnaround in performance.”

This content was produced with the assistance of AI translation services.