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Korean Air operating profit up 23% in 4Q2010

28-Jan-2011 11:08 AM

Korean Air reports the following financial highlights for the three months ended Dec-2010 (Bloomberg/reuters, 27-Jan-2011):

  • Sales: USD2608.5 million, +12% year-on-year;
  • Operating profit: USD169.8 million, +23%;
  • Net income: USD62.6 million, -18%;
  • International passenger traffic: +6.5%;
  • 2011 forecast:
    • Operating profit: USD1.1 billion, +14%;
    • Passenger traffic: +8.3%;
    • Cargo traffic: +3.8%.

* Based on the conversion rate USD1 = KRW1111.75