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    Airlines
Air Busan Co., Ltd.

Air Busan Co., Ltd.

KKRX:298690
1,476.00
KRW
-13.00
(-0.87%)
-1,247.44EPS
179.77BMarket Cap
Nov 12Next Earn
Air Busan Co., Ltd.
KRX:298690
(Korea Stock Exchange)

Recent

price

1,476.00

P/E

ratio

- -

div

yld

2.92%

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
67,823.11
80,465.47
21,281.05
24,849.98
21,864.41
6,899.46
12,477.36
5,514.77
6,934.05
8,635.66
7,125.84
7,058.32
Revenue per Share
5,159.13
5,180.67
1,078.48
771.63
-2,517.66
-4,667.2
-18,801.43
-2,048
811
20.74
-189
-1,247.44
Basic EPS, GAAP
3,805.13
3,435.49
1,156.47
550.14
850.97
-5,064.58
-10,729.01
1,045
1,532.23
1,395.71
-394.09
-2.03
Free Cash Flow per Basic Share
897.22
908.19
181.89
178.72
179.43
65.39
451.64
129.33
96.26
72.06
45.7
43.14
Dividend per Share
3,202.55
3,549.97
4,198.73
5,259.5
3,733.49
2,607.71
1,703.81
1,086.44
1,602.42
1,193.17
1,382.71
696.96
Book Value per Share
3,046.13
3,412.31
4,071.69
5,091.93
3,514.99
2,456.05
1,644.34
1,060.14
1,584.49
1,182.12
1,367.25
679.8
Tangible Book Value per Share
6
6
26
26
29
28
14
73
128
117
117
128
Basic Weighted Avg Shares
377,964
442,997
561,657
653,567
633,183
189,918
176,502
404,993
890,440
1,006,763
832,585
904,689
Sales/Revenue/Turnover
9.49
8.09
6.14
3.14
-5.98
-99.35
-115.56
-20.08
17.94
14.53
-0.54
-4.27
Operating Margin (%)
3,737
4,018
6,845
9,170
124,330
135,498
147,958
132,609
132,816
153,509
160,486
165,456
Depreciation Expense
28,751
28,522
28,464
20,294
-72,910
-128,472
-265,961
-150,401
104,145
2,418
-22,083
-159,889
Net Income, GAAP
22.41
23.81
23.32
14.06
- -
- -
- -
- -
3.27
31.84
- -
- -
Effective Tax Rate (%)
7.61
6.44
5.07
3.11
-11.51
-67.65
-150.68
-37.14
11.7
0.24
-2.65
-17.67
Profit Margin (%)
35,718
20,827
-30,023
-11,739
-159,278
-204,601
-167,121
-154,978
-112,910
-112,981
-183,200
-253,359
Working Capital
- -
- -
- -
- -
377,085
408,538
426,142
505,756
540,160
617,873
612,551
631,019
LT Debt
93,181
103,289
122,166
152,297
108,109
110,267
130,532
126,659
186,813
139,103
161,199
81,253
Total Equity
- -
26.22
22.19
12.52
- -
- -
- -
- -
19.77
11.82
- -
- -
Return on Invested Capital (%)
- -
29.66
25.61
15.96
- -
- -
- -
- -
18.91
4.78
- -
- -
Return on Capital (%)
- -
29.03
25.25
14.79
-56
-117.66
-220.9
-116.96
66.45
1.48
-14.71
-97.53
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
148,178
153,426
156,319
LT Borrowings
- -
- -
- -
LT Finance Leases
612,551
629,514
631,019
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
117
117
117
Market Capitalization
200,404
210,430
179,769

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
188,776
232,262
129,811
Cash, Cash Equivalents & STI
129,949
156,375
69,847
Accounts Receivable, Net
25,140
39,285
25,774
Inventories
8,627
8,501
8,395
Total Current Liabilities
371,976
421,039
383,170
Payables & Accruals
- -
- -
- -
ST Debt
148,178
153,426
156,319
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8%
10.65%
15.89%
Free Cash Flow
-72.83%
-26.18%
-128.3%
Net Income, GAAP
-162.93%
-243.31%
-1,013.17%
Sales/Revenue/Turnover
22.53%
47.61%
-17.3%
Total Cash Common Dividend
- -
53.05%
-36.45%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
272,242
235,400
250,179
248,942
1,006,763
2025
249,576
171,362
176,284
235,363
832,585
2026
257,722
235,319
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
195
-110
437
-501.49
20.74
2025
276
238
-432.42
-271.02
-189
2026
-138.31
-379
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
22.4
20.39
15.98
13.34
72.06
2025
13.34
6.58
11.86
14.01
45.7
2026
9.7
8.48
- -
- -
- -
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Business
Air Busan Co., Ltd. (298690.KS) operates as a low-cost carrier providing passenger air transportation services, including domestic and international flights from its primary hub at Gimhae International Airport in Busan, South Korea; cargo transportation; product brokerage; and sales of medical devices and health functional foods. Founded in 2007 and headquartered at 6 Yutongdanji 1-ro, Gangseo-gu, Busan, the company serves routes across South Korea and international destinations in Asia, such as Japan, China, the Philippines, and Vietnam, primarily targeting leisure and regional travelers as a subsidiary of Asiana Airlines, Inc., which holds a significant stake. It maintains a fleet suited for short- and medium-haul operations, emphasizing affordable fares and expanding connectivity from Busan. In May 2025, Air Busan received KRW 100 billion ($71 million) in funding from parent Asiana Airlines through the purchase of perpetual convertible bonds bearing 5.55% annual interest, aimed at bolstering its financial structure amid internal and external uncertainties and ahead of potential integration into Korean Air's low-cost carrier network following Asiana's acquisition. The company has also resumed and launched seasonal routes, including Busan-Hanoi after a six-year hiatus and Busan-Nagasaki charters into 2026, while preparing for broader network adjustments under the ongoing Korean Air-Asiana merger finalized in late 2024.