T'way Air Q3 Operating Profit 34.6 Billion KRW... Record High Performance

Sales of 345.1 billion KRW

T'way Air announced on the 14th that it achieved the highest-ever third-quarter performance in terms of sales and operating profit. The company disclosed that it recorded sales of 345.1 billion KRW and an operating profit of 34.6 billion KRW. Compared to the same period last year (158.4 billion KRW, -32.3 billion KRW), sales increased by 118%. Operating profit turned positive. The cumulative performance up to the third quarter of this year reached record highs with sales of 989.8 billion KRW and an operating profit of 137.1 billion KRW.

The company analyzed that after introducing the large A330 aircraft last year, it improved profitability by diversifying routes and implementing differentiation strategies through medium- and long-haul flights such as Incheon-Sydney, Singapore, Bishkek, and Ulaanbaatar. Expanding routes from regional airports to capture passenger demand outside the metropolitan area was also seen as a factor contributing to the performance increase.

In terms of passenger transport performance, it ranked second among domestic low-cost carriers (LCCs) in passenger numbers. T'way Air transported a cumulative total of 7.4 million passengers from January to September this year.

The company, currently operating a total of 30 aircraft including three A330-300s, plans to introduce seven aircraft including large planes next year to secure profitability through route expansion and efficient aircraft operation.

A T'way Air official stated, "Amid strong demand for air travel during the summer vacation and golden holidays, enhancing profitability through diversification of medium- and long-haul routes and routes from regional airports contributed to the improvement in performance. We will continue sustainable growth in the upcoming fourth quarter and next year through efficient fleet operation and route strategies."

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