Jeju Air Third Quarter 2024 Earnings: EPS: ₩622 (vs ₩391 in 3Q 2023)

Jeju Air (KRX:089590) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₩480.5b (up 8.4% from 3Q 2023).
• Net income: ₩50.6b (up 63% from 3Q 2023).
• Profit margin: 11% (up from 7.0% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: ₩622 (up from ₩391 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Jeju Air Earnings Insights

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Airlines industry in South Korea.

Performance of the South Korean Airlines industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Jeju Air (1 is concerning!) that you need to take into consideration.

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