JEJU air reports sharp profit growth in 1Q2018, Japan overtakes SE Asia as largest revenue market

    JEJU air reported (08-May-2018) the following financial highlights for the three months ended 31-Mar-2018:

    • Operating revenue: KRW308.5 billion (USD287.5 million), +28% year-on-year;
      • Passengers: KRW286.6 billion (USD267.1 million), +28%;
        • Japan: KRW87.8 billion (USD81.8 million), +47%;
        • Southeast Asia: KRW77.3 billion (USD72.0 million), +25%;
        • Domestic: KRW47.0 billion (USD43.8 million), +7%;
        • Oceania: KRW33.3 billion (USD31.0 million), +9%;
        • China: KRW30.6 billion (USD28.5 million), +13%;
      • Ancillary: KRW21.8 billion (USD20.3 million), +33%;
        • Excess baggage: KRW3600 million (USD3.4 million), +44%;
    • Operating profit: KRW46.2 billion (USD43.1 million), +70%;
    • Net profit: KRW36.1 billion (USD33.7 million), +112%;
    • Passengers: 2.8 million, +18%;
    • Passenger load factor: 91.9%, +1.3ppt;
    • Yield:
      • Domestic: USD 8.90 cents, +6%;
      • International: USD 6.58 cents, +16%;
    • Fleet: 32 aircraft, +5 aircraft;
    • Aircraft utilisation: 14.3 hours, +5%;
    • Total assets: KRW884.1 billion (USD824.0 million);
    • Total liabilities: KRW529.6 billion (USD493.6 million). [more – original PR – Korean]

    *Based on the average conversion rate at KRW1 = USD0.000932 for 1Q2018