T'way Air had sales of 1,348.8 billion won last year...'highest since its establishment'

Last year, T'way Air achieved its highest sales performance since its establishment. T'way Air announced on the 29th that its consolidated sales last year were 1,348.8 billion won (approx.
151.4 billion yen), an increase of 157% from the previous year. Operating income and net income were 139.4 billion won (approximately 15.7 billion yen) and 100.2 billion won (approximately 11.3 billion yen), respectively.
recorded and successfully turned a profit. The reason for T'way Air's sales increase is the rapid increase in demand for short-haul overseas travel mainly in Japan and Southeast Asia after the endemic of the COVID-19 virus.
This is interpreted to be the result of soft landings on medium- and long-haul routes such as Sydney and Singapore using the A330-300, a medium- and large-sized aircraft introduced in 2022.
Another positive factor for the strong performance was the continuous expansion of new international flights at local airports such as Cheongju Airport from the beginning of 2022.
It was analyzed that T'way Air's air transport passenger numbers increased from 7.94 million in 2019, before the COVID-19 virus, to 9.92 million last year, making it the largest domestic low-cost carrier (LCC) in South Korea.
), it has risen to second place in terms of number of passengers transported. T'Way Air officials said, ``In the future, we will provide performance pay to executives and employees with the aim of motivating them to prepare for new challenges, and
There were contracts for the introduction of large planes and new equipment to expand service on various routes, maintenance parts and equipment, and the recruitment of crew and other human resources."
A T'way Air official said, ``This year, a total of seven aircraft, including two medium- and large-sized A330-300s,
All executives and employees are working hard to expand hardware by introducing aircraft and pre-emptively occupying overseas travel demand, and to improve passenger convenience and expand safety investment for customer-first management.
``We will continue to improve our financial position, which has deteriorated over a long period of time due to the COVID-19 virus.''
We will also expand our communication with investors."