[Featured Stock] "T'way Air Anticipates Record 1Q Earnings... Hits 52-Week High"

T'way Air recorded an all-time high price in the early session on the 20th. This appears to have driven the stock price up amid securities firms' forecasts that the company will post its highest-ever operating profit in the first quarter of this year.

As of 9:21 a.m. on the day, T'way Air was trading at 3,680 KRW on the Korea Exchange, up 3.95% from the previous trading day.

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The stock price rose as much as 4.52% from the previous day to 3,700 KRW in the early session, setting a new 52-week high.

Choi Goeun, a researcher at Korea Investment & Securities, estimated T'way Air's operating profit for the first quarter of this year at 61 billion KRW, which is 32% higher than the previous record set in the first quarter of 2018. He analyzed, "The key to investing in the airline industry this year can be summarized as benefiting from the reopening of economic activities in the first half and market restructuring opportunities in the second half, and T'way Air is in the best position for both."

Researcher Choi added, "The effect of rising fares will surpass the increase in fuel costs and drive record-high profits."

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