Jeju Air flies high on home support despite curbs in China
Seoul
JEJU Air Co Ltd expects record quarterly profit in July-September, as changing lifestyles at home in South Korea translates into demand that more than makes up for China again rejecting its monthly application to provide charter flights.
South Korea's biggest low-cost carrier (LCC) by market share is benefiting as more Koreans travel overseas spurred by lower fares, and increasingly spend on small luxuries in a departure from a past focus on savings, chief financial officer Kim Tae-yoon said.
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