May 8, 2020 / 7:06 AM / 22 days ago

South Korea's top budget airline JejuAir swings to operating loss as Covid-19 jolts

FILE PHOTO: The logo of Jeju Air is seen at its office near Gimpo Airport in Seoul, South Korea, August 21, 2017. REUTERS/Kim Hong-Ji

SEOUL (Reuters) - South Korea’s JejuAir (089590.KS), the country’s top budget carrier, swung to an operating loss in the January to March period as the coronavirus outbreak slammed travel demand.

Jeju Air said on Friday it posted an operating loss of 66 billion won in the first quarter, reversing from a profit of 57 billion won a year earlier.

Reporting by Hyunjoo Jin; Editing by Shri Navaratnam

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