Jeju Air rakes in record high Q2 operating profit

Jeju Air’s operating profit grew by 2,448% in Q2 of this year compared to the same quarter last year, reaching a record high for twelve consecutive quarters, the airline said Tuesday. Jeju Air recorded a Q2 operating profit of 16.2b won ($14.4m) and sales of 228b won, which was a 40.7% jump compared to the same period last year. In H1, the company recorded sales of 468.2b won, up 39.7% from last year, and an operating profit of 43.5b won, an increase of 167.6%. The airline achieved the largest operating profit growth among listed domestic airlines over the past two quarters. As of the first half of the year, Jeju Air reported an operating profit margin of 9.29%, the highest among three listed airlines. Jeju recorded a net profit of 32.1b won, while Asiana posted a net profit surplus of 21.3b won and Korean Air recorded a loss of 200.3b won. <br/>