Jin Air reported a revenue of 360.3 billion won for the second quarter of this year, a 17.7% increase compared to the same period last year.
However, the airline recorded an operating loss of 73.1 billion won, which is 30.8 billion won larger than the loss of 42.3 billion won from the previous year.
The net loss for the second quarter also increased to 67.5 billion won, compared to a loss of 15.7 billion won in the same quarter last year.
For the first half of the year, cumulative revenue reached 783.3 billion won, marking an 8.2% increase from the same period last year, the highest revenue recorded to date.
The cumulative loss for the first half was 15.5 billion won, a shift from a profit of 16 billion won in the same period last year.
A Jin Air official commented on the second quarter results, stating, "We responded to external uncertainties through flexible route operations and cost efficiency, but we could not withstand the increase in operating costs due to high oil prices, leading to a larger loss." The official added, "In the second half, we expect profitability to improve with increased passenger demand during the peak season and stabilization of oil prices and exchange rates."
The official further stated, "We will strengthen our cost competitiveness through route diversification focused on preferred destinations like Japan and China, and the introduction of high-efficiency new aircraft. Additionally, we will ensure a solid foundation for sustainable growth by preparing for the seamless launch of our integrated low-cost carrier."
* This article has been translated by AI.
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