Asiana 2Q2009 revenue down 17.9%

Asiana Airlines' revenue down 17.9% - financial highlights:

• Three months ended 30-Jun-2009:
  • Revenue: USD687.0 million, -17.9% year-on-year;
  • Total operating costs: USD791.7 million, -6.9%;
    • Fuel: USD222.9 million, -31.4%;
    • Labour: USD95.6 million, +1.1%;
    • Aircraft rental cost: USD68.3 million, +34.8%;
  • Operating profit (loss): (USD104.9 million), compared to a loss of USD14.5 million in the previous corresponding period;
  • Net gain related to foreign currency: USD59.3 million, +216.5%;
  • Profit before income tax: USD48.6 million, compared to a loss of USD18.4 million in the previous corresponding period;
  • Passenger traffic (RPKs):
    • International: -10.0%;
  • Load factor:
    • International: 66.4%, -6.6 ppts;
  • Yield:
    • International: USD 6.9 cents, -7.4%
  • Cargo traffic (FTKs): -14.5%;
  • Cargo yield: USD 21.1 cents, -17.5%;
• Six months ended 30-Jun-2009:
• Revenue: USD1,434 million, -11.6%;
• Operating cost: USD1,397 million, +0.5%;
• SG&A costs: USD239.4 million, +9.4%;
• Operating profit (loss): (USD202.1 million), compared to a profit of USD13.4 million in the previous corresponding period;
• Profit (loss) before income tax: (USD204.9 million), compared to a loss of USD15.5 million in the previous corresponding period;
• Net gain related to foreign currency: USD9.8 million, compared to a loss of USD11.8 million in the previous corresponding period.
• *Based on the conversion rate at USD1 = KRW1,235. [more]