JIN AIR Co., Ltd.

JIN AIR Co., Ltd.

KKRX:272450
5,450.00
KRW
-250.00
(-4.39%)
-1,661.39EPS
292.20BMarket Cap
Nov 17Next 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
46,396.94
57,488.3
75,544.4
23,576.72
28,867.6
29,794.69
26,925.27
8,443.27
5,523.65
12,210.7
23,796.14
28,351.16
26,757.53
27,953.09
Basic EPS, GAAP
691.6
2,142.01
3,718.01
1,288.57
2,407.33
1,310.94
-1,675.93
-5,915.4
-2,985
-1,307
2,494
1,857
-189
-1,661.39
Free Cash Flow per Basic Share
4,094.99
5,260.38
9,653.87
2,230.28
3,793.79
1,529.95
1,864.04
-5,350.08
-1,654.87
3,593.26
7,734.86
6,351.01
1,157.93
1,267.8
Dividend per Share
- -
- -
- -
353.81
438.67
221.1
266.25
- -
28.49
78.71
99.34
- -
- -
- -
Book Value per Share
402.83
680.36
1,164.41
1,766.83
6,833.45
7,847.37
5,744.13
2,148.53
3,352.15
1,842.27
2,774.65
4,487.4
4,355.14
3,460.26
Tangible Book Value per Share
399.83
678.93
1,152.72
1,750.09
6,806.75
7,653.38
5,566.88
2,054.15
3,299.14
1,807.36
2,723.1
4,425.13
4,285.14
3,354.13
Basic Weighted Avg Shares
6
6
6
31
31
34
34
32
45
49
54
52
52
52
Sales/Revenue/Turnover
283,330
351,056
461,289
719,673
888,388
1,010,678
910,158
271,769
247,191
593,428
1,277,222
1,461,263
1,381,081
1,440,435
Operating Margin (%)
2.51
4.81
6.43
7.26
10.91
6.23
-5.36
-67.97
-74.94
-11.34
14.26
11.16
-1.39
-3.52
Depreciation Expense
2,801
2,708
2,806
9,765
17,388
19,544
119,358
115,420
97,166
97,570
90,695
97,428
108,880
113,054
Net Income, GAAP
4,223
13,080
22,703
39,333
74,085
44,469
-56,652
-190,403
-133,583
-63,519
133,862
95,713
-9,755
-85,612
Effective Tax Rate (%)
18.22
18.92
22.33
22.19
23.24
27.99
- -
- -
- -
- -
23.01
22
- -
- -
Profit Margin (%)
1.49
3.73
4.92
5.47
8.34
4.4
-6.22
-70.06
-54.04
-10.7
10.48
6.55
-0.71
-5.94
Working Capital
8,822
18,566
24,634
29,693
166,467
193,324
46,874
-26,221
-6,467
-117,212
5,316
98,092
69,812
35,391
LT Debt
13,532
12,037
10,287
34,087
28,146
9,607
195,924
245,128
212,694
254,718
231,670
321,218
319,338
447,510
Total Equity
17,764
30,002
51,348
77,914
231,800
266,194
191,748
98,161
172,748
94,939
142,988
231,252
224,436
178,320
Return on Invested Capital (%)
17.82
33.93
39.57
39.93
34.52
15.25
- -
- -
- -
- -
28.86
22.21
- -
- -
Return on Capital (%)
19.23
38.42
44.8
44.09
38.69
16.3
- -
- -
- -
- -
30.42
19.99
- -
- -
Return on Common Equity (%)
27.18
54.77
55.82
60.86
47.84
17.86
-24.74
-131.35
-98.62
-47.46
112.52
51.15
-4.28
-38.9

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
82,979
97,874
97,505
LT Borrowings
- -
- -
- -
LT Finance Leases
319,338
430,407
447,510
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
52
52
52
Market Capitalization
357,128
312,294
292,196

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
625,625
724,837
616,773
Cash, Cash Equivalents & STI
525,590
595,404
524,723
Accounts Receivable, Net
34,356
63,601
39,611
Inventories
560
505
489
Total Current Liabilities
555,812
610,875
581,382
Payables & Accruals
- -
- -
- -
ST Debt
82,979
97,874
97,505
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.77%
28.07%
-2.95%
Free Cash Flow
-67.84%
-71.59%
-81.74%
Net Income, GAAP
-40.14%
-106.34%
-110.19%
Sales/Revenue/Turnover
26.83%
51.04%
-5.49%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
430,306
308,157
364,576
358,224
1,461,263
2025
417,845
306,073
304,336
352,826
1,381,081
2026
422,976
360,298
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,325
-114
815
-168.99
1,857
2025
887
-305
-534.37
-236.79
-189
2026
420.55
-1,311
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Beong-Ryool Park
Full Time Employees
2,382
Sector
Transportation
Industry
Airlines
Address
453 Gonghang-daero Seoul SL South Korea 07570
IPO Date
Dec 8, 2017
Website
jinair.com
Business
Jin Air Co., Ltd. operates as a South Korean low-cost airline primarily engaged in domestic and international passenger air transportation, in addition to cargo transport and in-flight sales. The company’s main products and services include scheduled airline services covering a wide network within South Korea with key hubs at Seoul Incheon, Jeju, and Busan airports, as well as international routes to destinations in Asia including Japan, China, Southeast Asia, and Oceania. Jin Air operates a mixed fleet primarily composed of Boeing 737 Next Generation, Boeing 737-8 MAX, and Boeing 777-200ER aircraft, offering economy-class service on the 737s and dual-class premium economy and economy service on the 777s. The airline also provides various ancillary services such as pre-booked meals, buy-on-board snacks and beverages, duty-free shopping, inflight entertainment accessible through personal devices, and lounge access for international passengers. Founded in 2008 and headquartered in Seoul, Jin Air is a wholly owned low-cost subsidiary of Korean Air. The company has established itself as Korea’s largest low-cost carrier by number of domestic routes and is known for pioneering the use of widebody aircraft (Boeing 777-200ER) in the low-cost segment, especially on long-haul routes such as Incheon to Honolulu. It maintains a strategic focus on expanding its route network, fleet modernization, and sustainable operations. In recent years, Jin Air has undergone significant strategic developments including involvement in the post-merger integration plan following Korean Air’s acquisition of Asiana Airlines, which involves the consolidation of Jin Air with Asiana’s low-cost subsidiaries Air Seoul and Air Busan under a unified Jin Air brand. To support environmental sustainability, Jin Air has implemented advanced fuel management software SkyBreathe® to reduce carbon emissions, introduced new fuel-efficient Boeing 737-8 MAX aircraft, and started refueling with a Sustainable Aviation Fuel (SAF) blend on select routes. In 2024-2025, the airline expanded its fleet to 31 aircraft and launched new routes, including Incheon to Taichung and reactivated the Incheon-Cebu route, demonstrating ongoing capacity growth and network expansion. Jin Air continues to leverage technology partnerships, such as with Cloudflare, to enhance its online customer service and operational efficiencies. These combined efforts reinforce Jin Air's vision to lead as Asia's premier utility low-cost airline delivering increased connectivity with competitive fares and eco-conscious operations.