Jin Air Soars, 1Q Operating Profit Hits 98.5 Billion Won... Highest Quarterly Record

22% Sales Growth YoY, 16% Operating Profit Increase
Popular Japan Routes... Impact of Winter Southeast Asia Peak Season

Jin Air recorded double-digit growth in sales, operating profit, and net profit in the first quarter of this year compared to the same period last year. Both sales and operating profit achieved the highest quarterly performance ever.

Jin Air announced on the 8th that it posted KRW 430.3 billion in sales and KRW 98.5 billion in operating profit on a separate basis for the first quarter of this year. These figures represent increases of 22.1% and 16.0%, respectively, compared to the same period last year. Both sales and operating profit set record highs on a quarterly basis. Net profit for the period also rose 13.8% to KRW 68.3 billion during the same period.

The sustained low KRW-JPY exchange rate kept Japan routes consistently popular, and demand for Southeast Asia routes increased due to the winter peak season, which contributed to the growth in performance.

Additionally, new routes such as Incheon?Phu Quoc (Vietnam) and increased supply in preparation for the peak season also helped boost results.

Jin Air stated that it will thoroughly prepare for anticipated external threats such as increased exchange rate volatility and rising oil prices. A Jin Air official said, "We will continue to pursue route diversification by developing new destinations and expanding supply from regional airports," adding, "We will monitor market changes closely while maintaining profitability and focusing on safety and providing the best customer service."

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