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Budget carrier Jeju Air logs record sales of 1.26 tln won in 2018

National 14:35 February 12, 2019

SEOUL, Feb. 12 (Yonhap) -- Jeju Air Co., South Korea's biggest low-cost carrier (LCC) by sales, said Tuesday its sales hit 1.26 trillion won (US$1.12 billion) last year, a record high for a South Korean budget airline, driven by diversified routes and strong demand.

The total represents a 26.4-percent increase from the year before and marks the first time that the annual sales of a South Korean LCC exceeded the 1-trillion won mark, the company said in a statement.

Its net profit reached 71 billion won last year, down 8 percent from a year earlier, and the air carrier racked up an operating income of 101 billion won last year, down 0.1 percent over the cited period, it added.

Jeju Air has been logging profits since 2011. It operated flights on 67 routes last year, sharply up from the previous year's 45.

Budget carrier Jeju Air logs record sales of 1.26 tln won in 2018 - 1

sam@yna.co.kr
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