Jeju Air Q3 Operating Profit 44.4 Billion KRW... Turned to Black
Jeju Air announced on the 7th that it recorded an operating profit of 44.4 billion KRW on a separate basis in the third quarter of this year, successfully turning a profit.
During the same period, sales reached 436.8 billion KRW, an increase of 125.5% compared to the same period last year, and net profit was recorded at 27.1 billion KRW. With this, Jeju Air achieved its best-ever performance for the third quarter and posted profits for four consecutive quarters.
Jeju Air's cumulative performance from the first to the third quarter of this year recorded sales of 1.2289 trillion KRW, operating profit of 138.3 billion KRW, and net profit of 95.2 billion KRW, continuing its record-breaking performance.
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Jeju Air explained that proactive resumption of flights and route diversification through new routes after the endemic absorbed the 'pent-up' demand (a phenomenon where suppressed consumption increases), leading to solid performance.
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