[Courtesy of Jeju Air]
SEOUL -- South Korea's top budget carrier, Jeju Air, posted a 117 percent increase in its first-quarter net profit thanks to increased demand in popular routes in Asia.
Jeju Air said Tuesday that its net profit jumped to 36.9 billion won (34 million US dollars) from 17 billion last year. Sales climbed 28.5 percent on-year to 308.6 billion won and operating profit soared 70.6 percent to 46.4 billion won.
The company attributed its stellar first-quarter performance to an aggressive investment in increasing the size of its fleet and air routes to popular travel destinations in Japan and Southeast Asian countries.
Jeju Air promised to continue its aggressive investment by increasing the number of planes to 39 by the end of this year from the current 34.
reporter
Park Sae-jin
swatchsjp@ajunews.com
