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PEER REVIEW: South Korea’s network carriers profitable in 2Q2010; good fortune expected to continue

8-Sep-2010

Asiana Airlines and Korean Air were both profitable at the operating level in the three months ended Jun-2010 (2Q2010), as the carriers reported strong revenue and yield growth in the three-month period. The carriers’ good fortune is expected to continue in the third quarter, as a result of buoyant Summer travel demand, with Korean Air commenting that the “continuous recovery of South Korea's outbound traffic and strengthening of the Korean won against major currencies will boost the per-passenger revenue further up in the third quarter.” [1486 words]

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Subheadings:

  • Double-digit operating profit margins; notable turnaround from 2009 levels
  • Double digit revenue growth; costs increase at a slower pace
  • Cargo a big revenue generator 
  • Asiana and Korean Air domestic passenger yield: 1Q2007 to 2Q2010
  • Pax levels on a rise
  • Combined fleet of 160 aircraft: 162 passenger and 32 freighters
  • Outlook: Future rosy for Asiana and Korean Air

Graphs and data:

  • Korean Air and Asiana Airlines financial highlights for the three months ended Jun-2010
  • Asiana Airlines’ quarter operating income and profit margin (KRW 100 mill): 1Q2007 to 2Q2010
  • Asiana and Korean Air operating profit (loss) margin: 1Q2007 to 2Q2010
  • Asiana and Korean Air net profit (loss) margin: 1Q2007 to 2Q2010
  • Asiana Airlines revenue proportion: 2Q2010
  • Korean Air revenue proportion: 2Q2010
  • Asiana and Korean Air international passenger yield: 1Q2007 to 2Q2010
  • Asiana and Korean Air total cargo yield: 1Q2007 to 2Q2010
  • Asiana Airlines cargo traffic (RTKs) and yield by region: 2Q2009 vs 2Q2010
  • Asiana Airlines yield growth and traffic (RPKs) by route: 2Q2009 vs 2Q2010
  • Korean Air revenue proportion by route: 2Q2009 vs 2Q2010
  • Korean Air passenger revenue by region: 2Q2009 vs 2Q2010
  • Korean Air fleet status and plan
  • Korean Air fleet status and plan
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