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The dangerous question is: Is it turning a profit (or at least breaking even?); or being supported by the government. Because the Asia economy flights are "dirt
by csomar 5y ago
The dangerous question is: Is it turning a profit (or at least breaking even?); or being supported by the government. Because the Asia economy flights are "dirt cheap".
- b3morales 5y agoDoes the airport individually need to make a profit if its effect on the region is net positive?
- csomar 5y agoSure not, but then it could be a door for corruption.
- yongjik 5y agoActually yes, in 2019 it made a profit of 890.5 billion KRW, or about 770M USD, which was a 15-year profitable streak since 2004 [1]. (It lost money in 2020, but that's hardly surprising ...) To be fair, it's one of the few airports in Korea that's actually making money. After Incheon, Korea built many vanity project airports and most of them are bleeding money. [1] https://www.yna.co.kr/view/AKR20200109105300004 https://www.yna.co.kr/view/AKR20200109105300004 (article in Korean)