14-May-2012 11:14 AM
Korean Air reports USD88m operating loss in 1Q2012
Korean Air revenue up 6% - financial highlights for three months ended 31-Mar-2012:
- Operating revenue: KRW2998 billion (USD2655 billion), +6.3% year-on-year;
- Operating costs: KRW3097 billion (USD2743 million), +16.5%;
- Fuel: KRW12,103 billion (USD10,718 million), +21.6%;
- Labour: KRW4058 billion (USD3594 million), +6.7%;
- Operating profit (loss): (KRW98.9 billion) (USD87.6 million), compared to a profit of KRW162.9 billion (USD144.3 million) in p-c-p;
- Net profit (loss): (KRW67.2 billion) (USD59.5 million), compared to a profit of KRW270.9 billion (USD239.9 million) in p-c-p;
- Passenger traffic (RPKs):
- Domestic: +3.0%;
- International: +9.7%;
- Oceania: +23%;
- Southeast Asia: +18%;
- China: +14%;
- Japan: +8%;
- Americas, Europe: +5%;
- Load factor:
- Domestic: 59.8%, +1.0 ppt;
- International: 75.7%, -2.0 ppts;
- Passenger yield:
- Domestic: USD 17.8 cents, +6.6%;
- International: USD 9.2 cents, +8.0%;
- Cargo traffic (FTKs): -9.6%;
- Outbound cargo traffic: -12%;
- Japan: -5%;
- China: -9%;
- Southeast Asia: -7%;
- Americas: -16%;
- Europe: -7%
- Cargo load factor: 75.4%, +0.1 ppt;
- Cargo yield: USD 30.8 cents, +0.7%;
- Total assets: KRW22,823 billion (USD20,212 million), +1.9%;
- Cash and cash equivalents: KRW1512 billion (USD1339 million), +3.2%;
- Total liabilities: KRW20,147 billion (USD17,842 million), +2.7%. [more - original PR]
*Based on the average conversion rate at USD1 = KRW1129.19 for the period