Jeju Air Introduces Cargo Aircraft No. 2... Business Diversification Increases

Jeju Air announced on the 4th that it has introduced its second dedicated cargo aircraft. Following the introduction of the first dedicated cargo aircraft in June last year, the first among domestic LCCs (Low Cost Carriers), the airline has acquired its second dedicated aircraft after one year and six months. Both the first and second aircraft are B737-800BCF models, the same type currently operated by Jeju Air.

Since last year, the company has operated flights on the Incheon-Tokyo (Narita), Yantai, and Hanoi routes three, six, and six times per week, respectively. By September this year, it transported approximately 20,000 tons of cargo including e-commerce goods, clothing, and machinery parts. The second aircraft is being considered for increasing frequency on existing routes as well as entering new routes in Japan and Vietnam, such as Incheon-Osaka and Ho Chi Minh City.

At Incheon International Airport, Park Jiheon, Head of Cargo Business at Jeju Air (far left in the photo), Yoon Seongyong, Head of Flight Operations at Jeju Air (second from the left), Park Taeha, Head of Flight Control at Jeju Air (fourth from the right), Hong Junmo, Head of Safety and Security at Jeju Air (third from the right), Koo Kwangsoo, Head of Safety Maintenance at Jeju Air (second from the right), and Shin Ugyun, Head of Maintenance Support at Jeju Air (far right), along with employees, are commemorating the introduction of the second cargo aircraft.
[Photo by Jeju Air]

Jeju Air has been continuously increasing its cargo transport volume since introducing dedicated cargo aircraft. Starting with 2,925 tons in the third quarter of last year, it transported 4,690 tons in the third quarter of this year, a 60% increase compared to the same period last year.

Jeju Air’s cargo transport business currently accounts for about 2-3% of its total sales. However, the company plans to leverage its 16 years of stable operation experience with the B737-800NG model and maximize efficiency to grow this into a new revenue model. Despite somewhat sluggish market conditions due to high oil prices and exchange rates, Jeju Air plans to secure e-commerce demand and absorb demand for high value-added items such as lithium-ion batteries.

A Jeju Air representative stated, “With the introduction of the second cargo aircraft, we expect not only route expansion but also more flexible responses to abnormal situations, enabling more stable business operations.” He added, “Through stable air cargo transport services, we aim to become the most trusted cargo transport operator in Northeast Asia.”

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