Jin Air Turns Profit in Q3… Revenue Hits Quarterly Record Driven by Weak Yen
4 Articles
4 Articles
(Seoul = Yonhap News) Reporter Jang Ha-na = Jin Air announced on the 6th that its operating profit for the third quarter was 7.8 billion won, turning a profit compared to the same period last year (-22.5 billion won).
Jin Air successfully turned a profit in operating income in the third quarter of this year. By expanding routes to Japan and responding to increasing travel demand from China, the company also recorded its highest-ever quarterly revenue. Concentrating flights on high-profitability routes also contributed to the improved performance. Jin Air announced on the 6th that its revenue for the third quarter of this year reached 413.1 billion won, a 35.7…
[Digital Daily Reporter Yoon Seo-yeon] Driven by expanded supply on routes to Japan and increasing demand for travel to China, Jin Air recorded its highest-ever quarterly revenue in the third quarter of this year. While profitability improved with operating profit turning positive, the cumulative operating loss for the year actually widened, meaning whether the company can achieve an annual profit now depends on its fourth-quarter performance. …
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