Jeju Air aims for turnaround next year

South Korean carrier, Jeju Air has announced that it is targeting to turn around next year as COVID-19 restrictions ease and demand returns. Jeju Air posted a loss of 273 billion won (US$217 million) in 2021 from 307 billion won a year earlier. “It will be hard to make a turnaround this year due to uncertainties in major (destination) markets. But we aim for a turnaround next year as more Asian countries are expected to reopen their borders to tourists,” Jeju Air CEO Kim E-bae said in a press conference. The CEO expected China, Hong Kong and Taiwan to reopen