Jeju Air Co., Ltd. (Korean: 제주항공; RR: Jeju Hanggong), is the first and largest South Korean low-cost airline. It offers scheduled domestic services, as well as international destinations including China, Japan, Russia, the Mariana Islands, and various Southeast Asian countries. It is also a founding member of the Value Alliance. Jeju Air is named after the Jeju Island.
The airline, a member of AK group, has opened a Seoul head office tower hotel at Hongik station of the Seoul Metro, to diversify income.
In 2018, Jeju Air carried 7.3 million international passengers along with 4.7 million domestic passengers. It domestic traffic has been relatively flat since 2016 as it has focused almost entirely on international expansion.
In November 2020, there were approximately 3,100 employees at the airline.
Established as a joint venture by Aekyung Group and the Jeju Island government on January 25, 2005, Jeju Air became Korea's first low-cost airline. In 2016, it helped found Value Alliance, the world’s first pan-regional low-cost carrier (LCC) alliance, comprising eight Asia Pacific LCCs. In 2017, Jeju Air carried over 60 million passengers, with revenue reported of $890mm US operating profits over $80mm US.
Jeju Air flight operations were affected by the coronavirus outbreak. In August 2021, Jeju Air sold stock for raising $ 180 million for financing operations.
Jeju Air codeshares with the following airlines.
As of May 2021[update], Jeju Air operates an all-Boeing 737 fleet consisting of the following aircraft:
Based on Q1 audit report in 2017
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