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Korean Air revenue jumps 26%, profits surge in 3Q2010

28-Oct-2010 12:02 PM

Korean Air revenue jumps 26% - financial highlights for the three months ended 30-Sep-2010:

  • Revenue*: USD2,765 million, +26.2% year-on-year;
    • Domestic passenger: USD128.7 million, +15.8%;
    • International passenger: USD1,489 million, +21.9%;
    • Cargo: USD834.7 million, +42.2%;
  • Operating costs: USD2,137 million, +18.3%;
    • Fuel: USD803.4 million, +19.1%;
    • Labour: USD297.2 million, +36.1%;
  • Operating profit: USD316.8 million, +257.8%;
  • Net profit: USD516.4 million, +121.1%;
  • Passenger traffic (RPKs):
    • Domestic: +7.3%;
    • International: +6.3%;
  • Load factor:
    • Domestic: 67.0%, +7.3 ppts;
    • International: 78.4%, +3.7 ppts;
  • Passenger yield:
    • Domestic: USD 17.56 cents, +8.1%;
    • International: USD 9.46 cents, +24.0%;
  • Cargo traffic (FTKs): +13.1%;
  • Cargo yield: USD 31.85 cents, +28.0%;
  • Total assets: USD15,734 million, +1.4% when compared with the period ended 30-Jun-2010;
  • Total liabilities: USD12,591 million, -2.3% when compared with the period ended 30-Jun-2010;
  • Cash and short-term financial instruments: USD835.4 million, +6.1% when compared with the period ended 30-Jun-2010. [more]

*Based on the conversion rate at USD1 = KRW1,130.52