"Looking Beyond COVID-19"... Jeju Air Achieves Record-Breaking Performance

Jeju Air stock photo / Photo by Mun Ho-nam munonam@

Jeju Air achieved its best-ever performance since its establishment last year.

Jeju Air announced on the 6th that its sales and operating profit last year were recorded at 1.724 trillion KRW and 169.8 billion KRW, respectively.

Compared to the previous year, sales increased by 145.4%, and operating profit turned positive. Net profit also turned positive, recording 130.7 billion KRW.

With this, Jeju Air posted its highest-ever performance in all categories of sales, operating profit, and net profit since the company's founding in 2006.

Jeju Air explained that its strategy of proactively securing medium- and short-haul routes was effective in absorbing the explosively increased travel demand after the endemic.

Last year, Jeju Air stood out in medium- and short-haul routes by achieving the number one transport performance on routes to Japan, Guam, Saipan, and the Philippines.

According to the Ministry of Land, Infrastructure and Transport's Aviation Portal, the number of passengers transported on Jeju Air's Japan routes last year was 3,569,173, accounting for 20% of the total passengers. This is the highest market share among all airlines operating Japan routes.

Jeju Air plans to modernize its fleet by introducing next-generation aircraft and secure cost competitiveness by applying direct purchase methods instead of aircraft operating leases.

It also announced plans to enhance its data analysis system to secure an information technology (IT) competitive edge and diversify its business by maximizing the use of its resources in cargo, hotel, and ground handling businesses.

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