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Jin Air expects to report operating loss of USD6.0 million in first seven months of operations

2-Sep-2008

Jin Air, a low cost subsidiary of Korean Air, forecasts a net loss of USD6.0 million for its first seven months of operations, on revenue of USD16.9 million. Jin Air previously stated it expected to achieve revenue of USD20 million and an operating loss of USD6.4 million during 2008, with a target for break even by 2010, on revenue of USD157 million. [827 words]

Unlock the following content in this report:

Subheadings:

  • LCCs fail to report profits in South Korean market
  • Korean domestic aviation market: becoming of the most competitive in the world
  • Joints other South Korean carriers' in opposing Incheon Tiger Airways' application for operating license

Graphs and data:

  • Planned South Korean LCCs
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