Jeju Air Co., Ltd. Overview
Pro stress-test →Jeju Air is the first and largest South Korean low-cost airline. It operates in Korea, Japan, China, Taiwan, Philippines, Vietnam, Thailand, and Guam, with trailing twelve month revenue of $1.1B. The airline is the first Korean LCC to be publicly listed on the Korea Exchange.
Strategic Profile
Pro stress-test →Aekyung Group is Jeju Air's largest shareholder, with parent company AK Holdings injecting over 600 billion won to Jeju Air in 2020-2024. As a founding member of the Value Alliance, Jeju Air was ranked No. 1 in the LCC category by the National Customer Satisfaction Index for the third consecutive year in 2024. The company has focused almost entirely on international expansion since 2016.
Competitive Landscape
Pro stress-test →Air Busan and Eastar Jet are competitors of Jeju Air within the South Korean LCC segment. Jeju Air maintains competitive advantage through its first-mover LCC status, largest scale among Korean carriers, and international network focus spanning Asia-Pacific region. Market dominated by legacy carriers Korean Air and Asiana, with LCC segment highly competitive.
Industry Context
Jeju Air Co., Ltd. operates in Airline Transportation / Low-Cost Carriers (LCC).
Key facts
Founded: 2005 · Headquarters: Jeju, South Korea · Employees: 3,206 · Revenue: $1.1B · Market cap: $306M