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Jeju Air

Low-cost airline of South Korea From Wikipedia, the free encyclopedia

Jeju Air
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Jeju Air Co., Ltd. (Korean: 제주항공) is the first and the largest South Korean low-cost airline.[1][2] Named after Jeju Island,[3] the airline is headquartered in Jeju City with its largest base at Jeju International Airport. It was a founding member of the Value Alliance.

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Aekyung Group is Jeju Air's largest shareholder, and Jeju Air is the largest shareholder in AK Holdings, the holding company of Aekyung Group.[4] In 2024, it was reported that AK Holdings has injected over 600 billion won to Jeju Air in the previous four years.[4] Jeju Air is the most profitable among AK Group's five subsidiaries.[5]

Jeju Air is the first Korean LCC to be publicly listed on the Korea Exchange.[5]

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History

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The airline was established as a joint venture by Aekyung Group and the government of Jeju Province on 25 January 2005. It was established under a different Korean name (제주에어; a transliteration of "Jeju Air"). It received a business license on 25 August 2005, which made it the third major airline in the country after Korean Air and Asiana Airlines. On 20 September 2005, it changed its Korean name to its current form. It acquired its first aircraft on 2 May 2006, and had its first commercial flight, on the Jeju-Gimpo route, on 5 June 2006. By the end of 2006, it had five aircraft.[3] In addition to air service, the group is also the owner of a Holiday Inn Express in Seoul.[6]

In 2016, it helped found Value Alliance, the world's first pan-regional low-cost carrier (LCC) alliance, comprising eight Asia Pacific LCCs.[7] In 2017, Jeju Air carried over 6 million passengers, with revenue reported of $890mm US operating profits over $80mm US. In 2018, Jeju Air carried 7.3 million international passengers along with 4.7 million domestic passengers. Its domestic traffic has been relatively flat since 2016 as it has focused almost entirely on international expansion.[8]

After an initial public offering in 2015, Jeju Air finances were stable until the coronavirus outbreak in early 2020.[9] In November 2020, there were approximately 3,100 employees at the airline.[10] In August 2021, Jeju Air sold stock, raising $180 million for financing operations;[11] this was one of three occasions between 2020 and 2024 where it raised capital; the total was almost $500 million.[9]

In 2024, in the National Customer Satisfaction Index (NCSI) organized by the Korea Productivity Headquarters, Jeju Air was ranked No. 1 in the LCC category for the third consecutive year.[12]

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Destinations

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Jeju Air offers scheduled domestic services, as well as international destinations including China, Japan, Oceania, and Southeast Asia.[13]

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Codeshare agreements

Jeju Air maintains codeshare agreements with the following airlines:

Interline agreements

Jeju Air has interline agreements with the following airlines:

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Fleet

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Jeju Air Boeing 737-800
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A former Jeju Air De Havilland Canada Dash 8-400 in 2007

Current fleet

As of August 2025, Jeju Air operates an all-Boeing 737 fleet composed of the following aircraft:[49][50]

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Historic fleet

Formerly, Jeju Air also operated the following aircraft types:[55][56]

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Accidents and incidents

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HL8088, the Boeing 737-800 that crashed under Flight 2216
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References

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