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S. KOREAN LCC UNDER HEAVY DEBT FROM HUGE DEIFICTS DUE TO PANDEMIC

Published On 24 Mar 2021 06:03 AM


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Highlights –

  • S. Korean LCC under heavy debt from huge deficits due to pandemic.
  • Jeju Air Co., Jin Air Co. and T'way Air Co. debt-to-equity ratio ranged from 430% to 517% in 2020.
  • Jeju Air Co. had 218.4 billion won in equity capital versus 938.3 billion won in debt.
  • Jin Air Co. as of end-December reported a debt-equity ratio of 467 percent.

On Wednes....


Tags : SOUTH KOREA LOW COST CARRIERS, LCCs, JEJU AIR, T-WAY AIR CO., JIN AIR CO., CORONAVIRUS PANDEMIC, INTERNATIONAL FLIGHTS ,
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