T'way Air Posts 19.9 Billion Won Operating Profit in Q1, Returns to Profitability

T'way Air successfully turned profitable in the first quarter of 2026, continuing its improvement in performance.

On May 11, T'way Air announced that its standalone revenue for the first quarter of this year reached 612.2 billion won, a rise of approximately 37% compared to the same period last year.

Operating profit came in at 19.9 billion won, marking a return to profit for the first time in eight quarters.

The improvement in T'way Air's performance was primarily driven by increased travel demand during the winter peak season in the first quarter and stabilization of route operations. The company has continued to achieve stable passenger transport results by flexibly operating routes in line with seasonal demand and efficiently utilizing its fleet to boost load factors.

By route, the load factors were as follows: 95% for domestic routes, 95% for Japan, 94% for Taiwan, 93% for Southeast Asia, and 90% for Europe, with the overall network maintaining a load factor above 90%. In addition, the number of passengers in the first quarter surpassed 3.13 million, up 17% year-on-year, indicating that the company's strategy of expanding new routes and diversifying its network is gradually yielding results.

T'way Air's cargo business is also showing stable growth, driven by the expansion of its global network and the introduction of larger aircraft. Cargo volume in the first quarter reached approximately 9,000 tons, representing 130% growth over the first quarter of 2024, a two-year period. This is attributed to the successful establishment of medium- and long-haul routes and the results of strategic cargo sales efforts.

Furthermore, following the acquisition by Sonotrinity Group, the company has comprehensively reviewed and restructured its route operation system with a focus on efficiency, leading to improved performance.

Meanwhile, T'way Air recently changed its corporate name to Trinity Air following a shareholders' meeting, and the launch of operations under the new Trinity Air name is expected to proceed once approvals from relevant domestic and international authorities are completed.

A T'way Air representative stated, "Turning profitable in the first quarter is the result of a combination of preemptive responses, efficient route operation, and expansion," adding, "We will continue to prioritize safe operations, establish a stable revenue structure, and strive to enhance competitiveness to further improve customer satisfaction."

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