Asiana Airlines 2Q2012 operating profit halved

Asiana Airlines revenue up 5% – financial highlights:

• Three months ended 30-Jun-2012:
  • Revenue: KRW1370 billion (USD1193 million), +4.6% year-on-year;
  • Total costs: KRW1343 billion (USD1169 million), +7.6%;
    • Fuel: CNY519,400 million (USD452.0 million), +11.0%;
    • Labour: KRW154,800 million (USD134.7 million), +12.8%;
• • Operating profit: KRW27,000 million (USD23.5 million), -56.0%;
  • Net profit (loss): (KRW47,300 million) (USD41.2 million), compared to a profit of KRW17,700 million (USD15.4 million) in p-c-p;
  • Passenger traffic (RPks):
    • International: +6.8%;
  • Passenger load factor:
    • International: 78.5%, +2.1 ppts;
  • Passenger yield:
    • International: KRW105.6 (USD9.19 cents), +2.3%;
  • Cargo traffic (FRTKs): +2.3%;
  • Cargo load factor: 79.3%, +1.7 ppt;
  • Cargo yield: KRW347.4 (USD30.23 cents), -4.0%;
• Six months ended 30-Jun-2012:
  • Revenue: KRW2722 billion (USD2369 million), +6.1%;
  • Operating profit: KRW62,500 million (USD54.4 million), -54.2%;
  • Net profit (loss): (KRW44,100 million) (USD38.4 million), compared to a profit of KRW79,500 million (USD69.2 million) in p-c-p;
  • Passenger traffic (RPKs):
    • International: +9.1%;
  • Passenger load factor:
    • International: 77.9%, +1.6 ppt;
  • Passenger yield:
    • International: KRW106.7 (USD+9.29 cents), +2.1%;
  • Cargo traffic (FRTKs): +4.5%;
  • Cargo load factor: 80.1%, +1.8 ppt;
  • Cargo yield KRW335.2 (USD29.17 cents), -3.6%;
  • Total assets: KRW5477 billion (USD4767 million), +3.9% when compared to period ended 31-Dec-2011;
  • Total liabilities: KRW4663 billion (USD4058 million), +4.5% when compared to period ended 31-Dec-2011. [more – original PR]

*Based on the average conversion rate at USD1 = KRW1149.05 for the period

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