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Korean Air 2Q2009 revenue down 16%, USD102 million operating loss

17-Aug-2009 11:13 AM

Korean Air revenue down 16% - financial highlights for the three months ended 30-Jun-2009 (Bloomberg, 14-Aug-2009):

  • Revenue: USD1,663 million, -16%% year-on-year;
  • Operating costs:
    • Fuel: USD534.2 million, -40%;
  • Operating profit (loss): (USD102.2 million), compared to a loss of USD93.5 million in the previous corresponding period;
  • Net profit: USD63.1 million, compared to a loss of USD232.0 million in the previous corresponding period;
  • Foreign exchange gain (loss): USD330.0 million, compared to a loss of USD219.3 million in the previous corresponding period.
  • *Based on the conversion rate at USD1 = KRW1,245