Seoul: T'way Air Co. on Thursday reported its fourth-quarter net loss of 92 billion won (US$64.5 million), remaining in the red compared with a year ago. The company announced the financial results through a regulatory filing, indicating ongoing financial challenges.

According to Yonhap News Agency, T'way Air continued to post an operating loss of 56.2 billion won for the October-December period. This compares with a loss of 60.9 billion won in the same period the previous year. Despite the operating loss, the company's revenue saw an increase of 33.3 percent, reaching 523.9 billion won.