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Korean Air reports operating profit in 2Q2012

20-Jul-2012 10:23 AM

Korean Air revenue up 11% – financial highlights for three months ended 30-Jun-2012:

  • Operating revenue: KRW3272 billion (USD2848 million), +11.1% year-on-year;
  • Operating costs: KRW3143 billion (USD2735 million), +6.0%;
  • Operating profit: KRW129,000 million (USD112.3 million), compared to a loss of KRW20,000 million (USD17.4 million) in p-c-p;
  • Net profit (loss): (KRW159,000 million) (USD138.4 million), compared to a profit of KRW21,000 million (USD18.3 million) in p-c-p;
  • Passenger traffic (RPKs):
    • Domestic: +8.0%;
    • International: +10.1%;
  • Passenger load factor:
    • Domestic: 72.3%, +0.6 ppt;
    • International: 79.0%, +0.7 ppt;
  • Passenger yield:
    • Domestic: USD 17.5 cents, -1.1%;
    • International: USD 9.4 cents, +3.3%;
  • Cargo traffic (FTKs): -12.2%;
  • Cargo load factor: 76.3%, +0.2 ppt;
  • Cargo yield: USD 31.0 cents, -7.5%;
  • Total assets: KRW22,839 billion (USD19,876 million), +2.0% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: KRW1229 billion (USD1070 million), -16.2% when compared to period ended 31-Dec-2011;
  • Total liabilities: KRW20,377 billion (USD17,734 million), +3.9% when compared to period ended 31-Dec-2011. [more – original PR]

*Based on the average exchange rate of USD1 = KRW1149.05 for 2Q2012