When Jeju Air’s status as South Korea’s biggest low-cost carrier seemed under threat from the merger of the country’s two biggest airlines last year, the company’s CEO assured employees that it would “actively respond,

Embattled Korean air carrier Jeju Air has decided to cut around 1,900 domestic and international flights by March to enhance operational safety checks, in the wake of the devastating passenger plane crash tragedy at Muan International Airport in South Jeolla Province on Dec.

Jeju Air and the South Korean airline industry continue to feel the impacts of accidents beyond a reduced flight schedule. The airline currently has 260 billion won ($177 million) in deferred revenue from passengers who have booked their tickets but have not yet flown.