Jeju Air aims for turnaround next year

Jeju Air aims for turnaround next year South Korean carrier, Jeju Air has announced that it is targeting to turn around next year as COVID-19 restrictions ease and demand returns. Jeju Air posted a loss of 273 billion won (US$217 million) in 2021 from 307 billion won a year earlier. “It will be hard to make a turnaround this year due to uncertainties in major (destination) markets. But we aim for a turnaround next year as more Asian countries are expected to reopen their borders to tourists,” Jeju Air CEO Kim E-bae said in a press conference. The CEO expected China, Hong Kong and Taiwan to reopen

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