Air Premia said on Apr. 1 that it swung to an operating loss on a separate basis last year, posting a 32.1 billion won operating loss compared with an operating profit of 40.9 billion won a year earlier.
Revenue for the same period rose 21% to 593.6 billion won. It was the first time since its founding in 2017 that Air Premia's annual revenue topped 500 billion won.
Air Premia said the figure was 11 times higher than revenue in 2022, when it began full-scale operations after the COVID-19 pandemic.
Air Premia said it was able to increase revenue through a hybrid revenue structure that combines long-haul passenger operations with cargo and ancillary businesses.
However, it said operating losses occurred as aircraft induction schedules were disrupted, operating and maintenance investment expense increased, and demand on major routes, including North American routes, slowed.
To ensure stable operations, Air Premia is expanding its pool of spare engines to four in total and signing maintenance contracts with major overseas corporations, continuing investments to secure operational stability.
In March, June and December last year, it introduced three aircraft, increasing the fleet to nine in total, and plans to build a more stable operating system on that basis.
Park Gwang-eun, head of Air Premia's corporate strategy division, said, "This year, with uncertainties in external conditions such as oil prices and exchange rates continuing, we will focus on enhancing operational stability and improving the revenue structure to build a more stable business foundation."