Jin Air announced on the 12th that its standalone operating profit for the first quarter this year was provisionally tallied at 57.6 billion won, down 1.1% from the same period last year.
Revenue for the same period was tallied at 423 billion won, up 1.2%, while net profit was tallied at 21.7 billion won, down 52.6%.
Jin Air said it maintained solid results thanks to robust travel demand during the winter peak season and noted it will focus on boosting revenue, including by reducing expense through strategic route operations aligned with passenger demand and the deployment of high-efficiency aircraft.
In particular, with the domestic and external business environment expected to worsen in the second quarter this year due to higher oil prices and a strong dollar stemming from the Middle East crisis, the company plans to continue efforts such as supply adjustments in response to market conditions and companywide expense reductions.