Jin Air: Korea's Budget Airline Faces Financial Turbulence
You’ve been watching Jin Air’s (진에어) steady climb for years, maybe even booking those affordable flights to Japan or Southeast Asia. But here’s the harsh reality hitting the aviation industry right now: even Korea’s most reliable budget carrier just posted a staggering 163 billion won operating loss in 2025, marking their first red numbers in three years. The airline that once seemed immune to market turbulence is now facing the same brutal headwinds crushing carriers worldwide. High exchange rates and plummeting airfares have created a perfect storm that’s reshaping how we think about budget travel. ...