On May 11, T'way Air announced that its operating profit for the first quarter reached 19.9 billion won, marking a return to the black after eight quarters. Revenue totaled 612.2 billion won, a 37% increase compared to the same period last year.
The airline's improved performance is attributed to a surge in travel demand during the winter peak season and the stabilization of its route operations. The number of passengers in the first quarter surpassed 3.13 million, reflecting a 17% increase year-on-year. Notably, international passenger numbers rose by over 23% to 2,188,463.
Analysts suggest that the airline's strategy of expanding new routes and diversifying its offerings, which began last year, is yielding positive results. Passenger load factors for both domestic and international routes exceeded 90%.
T'way Air's cargo transport business is also experiencing steady growth. In the first quarter of 2026, cargo volume reached approximately 9,000 tons, a 130% increase compared to the first quarter of 2024, effectively tripling the scale of the operation.
Following its acquisition by the Sonot Trinity Group, T'way Air has thoroughly reviewed its route operations structure. The airline has restructured its operations to focus on efficiency, contributing to the improved performance in the first quarter.
Recently, T'way Air held a shareholders' meeting where it announced a name change to Trinity Air. Full operations under the new name will commence once approval from relevant domestic and international authorities is secured.
A T'way Air official stated, "We plan to enhance operational efficiency with the introduction of new A330-900NEO aircraft in the second half of the year. We will continue to drive performance through efficient operations in passenger and cargo transport and stabilization of medium- to long-haul routes."
* This article has been translated by AI.
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