News / Jeju Air looks to grow cargo business after flying back into the black

Photo@ Jeju Air

Low-cost carrier Jeju Air, one of the reported suitors for Asiana Airlines’ cargo business, has expressed ambitions to expand its freight operations after achieving its best financial result.

The airline achieved a net profit of nearly $101m in 2023, reversing 2022’s $138m loss, as it carried more passengers from South Korea to neighbouring countries and Guam, riding on the post-Covid “revenge travel” wave.

Jeju Air said while cargo accounted for just 2% of its revenue, it saw potential from e-commerce growth.

Taking over ...