T'way Air (Trinity Airways) said on the 11th that its standalone operating profit for the first quarter was provisionally tallied at 19.9 billion won, swinging to the black from a loss of 36.7 billion won in the same period a year earlier.
Revenue for the same period was tallied at 612.2 billion won, up 37%. The first-quarter net result posted a loss of 16 billion won, but the company reduced the loss by 29.9 billion won from a loss of 45.9 billion won a year earlier.
T'way Air's quarterly profit is the first in about eight quarters since the first quarter of 2024. T'way Air said expanded travel demand during the winter peak season in the first quarter and stabilization in route operations were the main factors behind the improved results.
T'way Air said the overall load factor across all routes in the first quarter topped 90%. Load factors by major route were ▲ domestic 95% ▲ Japan 95% ▲ Taiwan 94% ▲ Southeast Asia 93% ▲ Europe 90%.
In addition, the number of passengers in the first quarter totaled 3.13 million, up 17% from the same period last year. T'way Air said the increases in load factor and passenger numbers were the results of its supply expansion strategy through new route launches and route diversification.
The cargo transport business also recorded a cargo volume of 9,000 tons (t) in the first quarter of 2026, a 130% increase compared with the first quarter of 2024.
T'way Air changed its corporate name to Trinity Airways through a shareholders meeting on Mar. 24. Operations under Trinity Airways will begin after approvals are completed by relevant authorities at home and abroad.
A T'way Air official said, "The turnaround to a quarterly profit reflects a combination of preemptive responses and efficient route operation and expansion," adding, "We will continue to prioritize safe operations and establish a stable revenue structure."