S. KOREAN LCC UNDER HEAVY DEBT FROM HUGE DEIFICTS DUE TO PANDEMIC

Highlights –

• S. Korean LCC under heavy debt from huge deficits due to pandemic.
• Jeju Air Co., Jin Air Co. and T'way Air Co. debt-to-equity ratio ranged from 430% to 517% in 2020.
• Jeju Air Co. had 218.4 billion won in equity capital versus 938.3 billion won in debt.
• Jin Air Co. as of end-December reported a debt-equity ratio of 467 percent.

On Wednes....