Air Busan Co Ltd
Air Busan Co Ltd operates as a regional airline in South Korea, providing scheduled and charter passenger transportation services primarily within Asia, with a focus on domestic and short-haul international routes.
Business. Air Busan Co Ltd (298690.KS) is a South Korean airline headquartered in Busan that operates within the transportation industry. The company generates service revenue by providing air passenger transport services. It is listed on the Korea Exchange (KRX) under the ticker symbol 298690.KS. Specific details regarding operating segments or geographic revenue breakdowns are not available.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
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- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Air Busan Co Ltd (298690.KS) is a South Korean airline headquartered in Busan that operates within the transportation industry. The company generates service revenue by providing air passenger transport services. It is listed on the Korea Exchange (KRX) under the ticker symbol 298690.KS. Specific details regarding operating segments or geographic revenue breakdowns are not available.
Air Busan's capital structure is highly leveraged, with a debt-to-equity ratio of 4.72, indicating significant reliance on long-term debt to fund operations. Despite a negative net income of -22,082.81 million KRW, the company maintains a positive operating cash flow of 107,057.32 million KRW, which partially offsets capital expenditures of -153,103.02 million KRW. However, the company's liquidity position is constrained, with a current ratio of 0.51 and negative net cash after subtracting total debt.
Profitability metrics are weak, with a return on equity of -13.7% and a return on assets of -1.52%, both significantly below industry norms. The company's operating margin is -5.42% (calculated as operating income of -4,520.95 million KRW divided by revenue of 83,258.55 million KRW), which is a poor performance relative to the industry's median operating margin of 4.2%.
Geographically, Air Busan's revenue is concentrated in South Korea and neighboring Asian markets, with no disclosed segment breakdown. The company's exposure to domestic and regional travel is a key factor in its performance, and its operations are sensitive to macroeconomic conditions and travel demand in these markets.
The company's growth trajectory is mixed. While revenue for the latest period was 83,258.55 million KRW, analyst estimates suggest a modest increase to 892 billion KRW in the next fiscal year. However, the company's net income is expected to remain negative, with a mean EPS estimate of 219 KRW compared to a last actual EPS of -189 KRW.
Risk factors include high leverage, weak profitability, and exposure to volatile travel demand. The company's liquidity risk is rated as medium, and while dilution is currently low, the potential for future dilution exists if the company needs to raise additional capital to service debt or fund operations.
Recent events include the publication of the latest financial results, which show a continued operating loss despite positive cash flow from operations. No recent filings or transcripts have been disclosed that indicate significant strategic changes or new initiatives.
- Air Busan is highly leveraged with a debt-to-equity ratio of 4.72, indicating significant financial risk.
- The company's profitability is weak, with a negative return on equity of -13.7%.
- Revenue is concentrated in domestic and regional markets, making the company vulnerable to local economic conditions.
- Analysts expect modest revenue growth but continued net losses in the near term.
- The company's liquidity position is constrained, with a current ratio of 0.51 and negative net cash after debt.
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| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 219,00 |
| Revenue | —no estimate | —no estimate | 892,0B KRW |
| Operating income | —no estimate | —no estimate | 79,0B KRW |
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- Net cash is negative after subtracting total debt.
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- Air Busan Co Ltd Market data — financials · 2026-05-26
- Air Busan Co Ltd Market data — analyst estimates · 2026-05-26