22-Mar-2010 11:59 AM

Korean LCCs report deep operating losses in 2009

South Korea’s Ministry of Land, Transport and Maritime Affairs stated the country’s LCCs reported losses in 2009 (Korea Times, 21-Mar-2010). Details include:

  • Revenue:
    • Jeju Air: USD77.3 million, +39.7% year-on-year;
    • Air Busan: USD63.4 million, n/a;
    • Easter Jet: USD38.7 million, n/a;
  • Operating profit (loss):
    • Jeju Air: (USD24.0 million);
    • Air Busan: (USD7.3 million);
    • Jin Air: (USD8.7 million);
    • Easter Jet: (USD15.3 million).

*Based on the conversion rate at USD1 = KRW1,136

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More