Jeju Air maps out new flights, sales horizonsJeju Air, Korea’s largest budget carrier, said yesterday it is aiming to increase its sales to 360 billion won ($311.5 million) this year, up 40 percent from 2011.
The airline said the target is based on the solid growth of its domestic routes in recent years and more demand for overseas services.
The budget carrier, based on the resort island of Jeju some off Korea’s southern coast, said its sales reached 256 billion won last year, with operating profit topping 13 billion won.
This represents a 120 percent increase in sales compared to the year before. Operating profit also shot up 170 percent on-year.
Jeju Air said it will increase flight services for its domestic routes in 2012 while expanding foreign flights from 11 destinations at present to 18. New foreign destinations may include cities in China, Vietnam and Japan.
The company currently has a fleet of eight Boeing 737s. To better meet passenger demand, four more airplanes will be added by the end of the year.
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