1. South Korea Stocks

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    Transportation

  3. •

    Airlines
Trinity Airways

Trinity Airways

KKRX:091810
2,325.00
KRW
-65.00
(-2.72%)
-2,379.71EPS
1.53TMarket Cap
Nov 18Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2,226.82
3,385.88
4,117.92
5,945.93
9,033.23
9,560.4
7,535.57
3,736.29
1,714.25
3,456.04
6,485.29
6,790.28
7,181.11
11,029.56
Basic EPS, GAAP
187.28
109.33
42.37
30.86
614.16
494.88
-401.77
-1,913.41
-1,249.29
-779.99
476.66
-291.08
-1,350.85
-2,379.71
Free Cash Flow per Basic Share
-2.1
107.25
266.1
463.4
1,511.75
106.02
880.85
-1,191.68
252.36
1,017.83
1,808.01
762.69
457.35
10.32
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4.94
13.28
Book Value per Share
-103.82
-43.99
-16.37
-16.67
374.42
2,513.58
2,109.88
931.97
250.29
255.79
715.63
360.23
145.96
219.3
Tangible Book Value per Share
-122.95
-64.63
-58.39
-62.13
328.75
2,466.61
2,060.21
908.98
234.33
244.41
702.55
345.71
136.68
211.59
Basic Weighted Avg Shares
75
65
65
64
65
77
108
72
125
152
208
226
250
186
Sales/Revenue/Turnover
166,833
218,454
266,882
382,756
584,032
731,789
810,450
269,218
214,395
525,821
1,348,759
1,536,780
1,798,181
2,055,491
Operating Margin (%)
2.19
3.57
1.19
3.35
8.06
6.53
-2.38
-62.81
-69.41
-19.77
10.34
-0.8
-14.76
-15.3
Depreciation Expense
2,739
4,815
7,955
10,131
13,647
12,243
98,884
109,380
91,911
92,125
100,047
116,501
175,557
204,036
Net Income, GAAP
14,031
7,054
2,746
1,987
39,708
37,880
-43,210
-137,871
-156,244
-118,672
99,132
-65,878
-338,260
-443,487
Effective Tax Rate (%)
- -
- -
- -
19.89
11.06
23.3
- -
- -
- -
- -
11.4
- -
- -
- -
Profit Margin (%)
8.41
3.23
1.03
0.52
6.8
5.18
-5.33
-51.21
-72.88
-22.57
7.35
-4.29
-18.81
-21.58
Working Capital
-15,239
-17,317
-26,413
-40,054
-9,514
151,942
-2,062
-59,471
-142,742
-170,679
-11,240
-144,159
-220,189
-158,002
LT Debt
6,420
7,069
7,782
- -
- -
- -
286,793
221,825
196,755
281,233
295,297
399,037
478,189
648,857
Total Equity
-10,124
-4,290
-1,597
-1,625
36,514
225,706
188,880
116,986
47,341
59,403
157,142
82,282
52,028
90,517
Return on Invested Capital (%)
- -
334.98
39.34
- -
187.56
26.11
- -
- -
- -
- -
24.65
- -
- -
- -
Return on Capital (%)
-258.47
717.2
88.47
120.39
229.11
29.49
- -
- -
- -
- -
25.84
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
28.89
-20.84
-90.15
-210.57
-316.89
101.24
-56.15
-503.7
- -

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
160,053
212,591
216,876
LT Borrowings
- -
- -
- -
LT Finance Leases
478,189
553,970
648,857
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
356
413
413
Market Capitalization
2,434,422
1,741,864
1,531,355

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
648,170
922,128
822,329
Cash, Cash Equivalents & STI
301,930
430,503
376,595
Accounts Receivable, Net
46,271
75,883
33,500
Inventories
39,375
39,719
39,641
Total Current Liabilities
868,359
1,085,302
980,331
Payables & Accruals
- -
- -
- -
ST Debt
160,053
212,591
216,876
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-183.48%
9.22%
-36.77%
Free Cash Flow
139.46%
61.79%
-33.65%
Net Income, GAAP
192.4%
10.55%
413.46%
Sales/Revenue/Turnover
37.76%
62.47%
17.01%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
422,891
325,860
394,888
393,140
1,536,780
2025
446,607
377,868
449,769
523,937
1,798,181
2026
612,084
469,701
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
219.49
-108.33
-9.42
-1,902.4
-291.08
2025
-195.94
-341.95
-512.46
-1,570.94
-1,350.85
2026
-260
-556
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
4.94
2026
19.29
3.26
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Sang-Yoon Lee
Full Time Employees
3,380
Sector
Transportation
Industry
Airlines
Address
10F, 167 Dongdeok-ro Daegu SL South Korea 07505
IPO Date
Aug 1, 2018
Website
twayair.com
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Business
T'Way Air Co., Ltd. (091810.KS) operates as a low-cost carrier providing scheduled passenger air transportation services domestically within South Korea and internationally across Asia, Europe, Australia, and North America; its core offerings include regular and irregular flights from hubs at Gimpo International Airport and Incheon International Airport, freight air transportation, inflight product sales, airline meals, and aircraft maintenance support services. The company maintains a fleet of approximately 43 aircraft comprising Airbus A330-200s and A330-300s for widebody long-haul operations, Boeing 737-800s and 737 MAX 8s for narrowbody regional and short-haul routes, and Boeing 777-300ERs leased from Korean Air for European services. Founded in 2010 following the reorganization of Hansung Airlines and headquartered in Seoul, South Korea, T'Way Air serves over 50 destinations targeting leisure and budget travelers with codeshare agreements with Eastar Jet and Tigerair Taiwan, and interline partnerships with Air Premia, ITA Airways, and Virgin Australia. In recent developments, Daemyung Sono Group acquired majority control in 2025, leading to a CEO change, capital injection of 200 billion won to strengthen finances, and plans to rebrand as Trinity Airways in the second half of 2026 with a new gray-based livery featuring a tri-color triangle tail; the carrier expanded its fleet through a 2024 leasing agreement with Avolon for five Airbus A330-900s with deliveries starting in 2026 to replace older widebodies, ongoing Boeing 737 MAX 8 deliveries including its fourth in June 2025 for Japan and Southeast Asia routes, and October 2024 launches of Seoul-Frankfurt and leasing of Boeing 777-300ERs for long-haul growth.