Jeju Air (089590.KS), a South Korean low-cost carrier, said Wednesday that it took delivery of its 10th Boeing 737-8 aircraft on May 20.
The airline plans to add seven B737-8 jets this year, and the latest delivery is the second of the seven.
Jeju Air began modernizing its fleet in earnest in 2023 with the introduction of two B737-8 aircraft. Last year, the carrier added six next-generation jets and returned two aging leased aircraft that had exceeded 20 years of service.
Jeju Air currently operates a total of 44 passenger aircraft, including 10 next-generation jets. The airline said the introduction of next-generation aircraft is improving profitability by reducing fuel costs. Jeju Air returned to profit in the fourth quarter of 2025, its first profitable quarter in five quarters since the third quarter of 2024. Fuel costs in 2025 fell approximately 16% compared to 2024.
"We are centering this year's management strategy on strengthening our fundamentals to cope with a business environment marked by growing uncertainties, including oil price and exchange rate volatility, industry restructuring, and intensifying competition," a Jeju Air official said. "This year, we plan to introduce seven next-generation aircraft while phasing out aging planes, focusing on profitability and financial soundness rather than expanding the scale of operations. We will also increase investment in reinforcing our safety management system and improving core flight infrastructure to restore trust."
