International growth pushes Jeju Air Q1 profit up 25%

ELLIS TAYLOR | May 07, 2019

International growth pushes Jeju Air Q1 profit up 25%
Jeju Air has pointed to solid growth of its international network as the key driver of a 25% increase in its first quarter operating profit to a record KRW57.8 billion ($49.5 million). Revenue for the three months to the end of March rose 27% to W391 billion, driven by growth in its Chinese and Southeast Asian networks, and aided by a 3% rise in yield on domestic services. The carrier commented that the increase in revenue was influenced by the peak season and its “optimal route portfolio”. Net profit was up 18% to W42.6 billion, as foreign currency charges took some of the shine off the operating result. ASKs for the budget airline rose a whopping 30.1% as it added eight aircraft to its fleet and increased utilisation to 14.4 hours per aircraft. However, RPK growth of 27.5% resulted in a modest 1.5-point fall in load factor to an otherwise impressive 90.4%.

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My second time on a 77W not counting the one time I rode a 772/er on BA. The flight was awesome, I loved the service, the cleanliness, the overall atmosphere of the interior of the aircraft. Aeroflot is the youngest owner of the 777-300ER airplane.


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Spotlight

My second time on a 77W not counting the one time I rode a 772/er on BA. The flight was awesome, I loved the service, the cleanliness, the overall atmosphere of the interior of the aircraft. Aeroflot is the youngest owner of the 777-300ER airplane.

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