Norang Pungseon Reports 4 Billion KRW Operating Profit in Q1, Up 135% YoY

Expansion of Charter Flight Products Including Long-Distance Destinations
Continuous Profit Trend for 5 Consecutive Quarters

Norang Poongseon announced on the 16th that its consolidated operating profit for the first quarter of this year was tentatively estimated at 4 billion KRW, a 135% increase compared to the same period last year. During the same period, sales increased by 62% to 38.3 billion KRW.

After achieving a turnaround to profitability for the first time since COVID-19 in the first quarter of last year, Norang Poongseon continued an upward trend for five consecutive quarters. The company explained that the rebound in performance in the first quarter of this year was driven by strengthening the charter flight product lineup on Japanese routes such as Matsuyama and Chitose, as well as long-distance destinations including Spain, Athens, Oslo, and Venice, along with aggressive sales efforts.

A representative from Norang Poongseon stated, "As the booking period for the peak summer season and Chuseok holidays is occurring earlier than usual, we are holding an 'Early Bird Special Promotion' in cooperation with various airlines and tourism boards," adding, "We plan to expand our consumer base by offering various events through partnerships with financial companies, distribution firms, and other industries."