T'way Air Posts 265.5 Billion Won Operating Loss Last Year... High Exchange Rate and Oil Prices Deepen Deficit

T'way Air announced in a disclosure on February 26 that, on a consolidated basis, it posted provisional results for last year of 1.7982 trillion won in revenue and an operating loss of 265.5 billion won.

Revenue increased by 17% from the previous year, marking the highest level since the company was founded in 2010, but the operating loss widened significantly compared with the 12.3 billion won loss in 2024. Net loss also surged from 65.9 billion won in 2024 to 339.6 billion won last year.

T'way Air explained that last year's deteriorating performance was due to the continuation of a high exchange rate and high oil prices, which increased operating expenses such as jet fuel costs, lease payments, and maintenance costs. The average exchange rate last year was 1,423 won per dollar, 58 won higher than in the previous year.

The company added that overall cost of sales also rose because of the introduction of new aircraft associated with the expansion of medium- and long-haul routes to North America and Europe, including the Canada Vancouver route launched in July last year.

T'way Air stated that this year it will create a turning point for operational innovation and actively pursue performance improvement.

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