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Asiana Airlines revenue up 2.8%, reports operating profit in 4Q2009

11-Feb-2010 11:39 AM

Asiana Airlines revenue up 2.8% - financial highlights:

  • Three months ended 31-Dec-2009:
    • Revenue: USD939.7 million, +2.8% year-on-year;
    • Operating cost: USD901.5 million, -9.3%;
      • Fuel: USD275.2 million, -18%;
      • Labour: USD106.9 million, stable;
    • Operating profit: USD38.0 million, compared to a loss of USD80.2 million in the previous corresponding period;
    • Profit (loss) before tax: (USD59.9 million), compared to a loss of USD161.7 million in the previous corresponding period;
    • Net profit (loss): (USD14.8 million), compared to a loss of USD140.9 million in the previous corresponding period;
    • Passenger traffic (RPKs): +12%;
    • Load factor: 71.6%, +5.0 ppts;
    • Passenger yield: USD 7.95 cents, -17%;
    • Cargo traffic (FTKs): +17%;
    • Cargo yield: USD 32.37 cents, +5%;
  • 12 months ended 31-Dec-2009:
    • Revenue: USD3,351 million, -8.0%;
    • Operating cost: USD3,553 million, -3.6%;
      • Fuel: USD1,049 million, -23%;
      • Labour: USD411.6 million, -1%;
    • Operating profit (loss): (USD202.2 million), compared to a loss of USD45.4 million in the previous corresponding period;
    • Profit (loss) before tax: (USD277.3 million), compared to a loss of USD228.1 million in the previous corresponding period;
    • Net profit (loss): (USD199.6 million), compared to a loss of USD195.8 million in the previous corresponding period;
    • Passenger traffic (RPKs): stable;
    • Load factor: 70.3%, -1.0 ppt;
    • Passenger yield: USD 8.17 cents, -8%;
    • Cargo traffic (FTKs): -6%;
    • Cargo yield: USD 26.16 cents, -7%;
  • 2010 Forecast:
    • Revenue: USD3,879 million, +15.8%;
    • Operating profit: USD275.9 million, compared to a loss of USD202 million in 2009;
    • Passenger traffic:
      • Domestic: -8.9%;
      • International: +13.6%;
    • Passenger yield:
      • Domestic: USD 15.08 cents, +7.7%;
      • International: USD 8.14 cents, +4.7%;
    • Cargo traffic: +4.0%;
    • Cargo yield: USD 29.05 cents, +11.0%. [more]

*Based on the conversion rate at USD1 = KRW1,160