[Featured Stock] Jin Air Surges Over 6% on Forecast of Record Quarterly Earnings

Jin Air is showing strong performance in early trading on the 29th as securities firms predict it will achieve its highest quarterly operating profit ever in the first quarter of this year.

As of 9:20 AM on the day, Jin Air is trading at 17,390 KRW on the KOSPI market, up 6.36% compared to the previous trading day.

Yang Ji-hwan, a researcher at Daishin Securities, stated in a stock report on the day, "Jin Air's operating profit for the first quarter of this year is expected to turn positive to 53.6 billion KRW compared to the same period last year," adding, "It is forecasted to record the highest quarterly profit ever."

Researcher Yang also noted, "Despite entering the low season in March, the number of passengers increased," and estimated that "with demand deferred due to COVID-19 continuing to flow in, Jin Air's international passenger transport in the first quarter of this year will reach approximately 800,000."