Air Busan has successfully rebounded in performance, driven by increased passenger demand.
The airline reported a revenue of 247.8 billion won and an operating profit of 4.7 billion won for the third quarter of this year, as announced on November 4.
Revenue rose 41% from 176.3 billion won in the same period last year, and the company turned around from an operating loss of 28.5 billion won to a profit.
Net losses of 50.4 billion won shifted to a net profit of 73 billion won.
This improvement in performance was influenced by increased passenger demand, the expansion of irregular routes, and the normalization of fleet operations. Additionally, a decline in the won-dollar exchange rate (appreciation of the won) contributed to foreign exchange gains.
Despite rising operational costs, including fuel expenses due to sustained high oil prices, the company achieved profitability thanks to revenue growth.
An Air Busan official stated, "We will prioritize safety to gain customer trust and will strive to enhance operational efficiency and profitability through effective fleet management and flexible route operations."
* This article has been translated by AI.
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