Asiana Airlines falls into the red in 1Q2013

Asiana Airlines revenue stable - non-consolidated financial highlights for three months ended 31-Mar-2013:

• Revenue: KRW1356 billion (USD1251 million), +0.4% year-on-year;
• Total costs: KRW1388 billion (USD1280 million), +5.5%;
  • Fuel: KRW538.4 billion (USD496.5 million), +6.1%;
  • Labour: KRW160.3 billion (USD147.8 million), +10.5%;
• Operating profit (loss): (KRW32.2 billion) (USD29.7 million), compared to a profit of KRW35.5 billion (USD32.7 million) in p-c-p;
• Net profit (loss): (KRW38.2 billion) (USD35.2 million), compared to a profit of KRW3.3 billion (USD3.0 million) in p-c-p;
• Passenger traffic:
  • International: +7.5%;
  • USA: +10.6%;
  • Southeast Asia: +5.8%;
  • EU: +2.6%;
  • China: +14.4%;
  • Japan: stable;
  • Oceania: +12.1%;
  • CIS: +3.8%;
• Passenger load factor:
  • International: 77.6%, +0.3 ppt;
• Passenger yield:
  • International: USD 9.5 cents, -2.6%;
  • USA: USD 6.4 cents, +2.3%;
  • Southeast Asia: USD 9.0 cents, +2.7%;
  • EU: USD 6.5 cents, +2.3%;
  • China: USD 17.1 cents, -1.2%;
  • Japan: USD 17.4 cents, -15.8%;
  • Oceania: USD 8.3 cents, -2.3%;
  • CIS: USD 12.3 cents, +6.2%;
• Cargo traffic: +5.9%;
  • USA: +1.7%;
  • EU: +3.3%;
  • Southeast Asia: +30.8%;
  • China: +17.2%;
  • Japan: -6.1%;
  • Oceania: +4.7%;
  • CIS: -29.8%;
  • Domestic: +29.9%;
• Cargo load factor: 80.1%, -0.7 ppt;
  • Cargo yield: USD 28.6 cents, -1.7%;
  • USD: USD 23.0 cents, -3.4%;
  • EUR: USD 25.7 cents, -3.4%;
  • Southeast Asia: USD 34.5 cents, -3.4%;
  • China: USD 97.0 cents, +5.5%;
  • Japan: USD 75.9 cents, -9.7%;
  • Oceania: USD 36.2 cents, +1.6%;
  • CIS: USD 124.6 cents, +12.6%;
  • Domestic: USD 35.3 cents, +13.0%;
• Assets: KRW5823 billion (USD5370 million), +2.7% when compared to period ended 31-Dec-2012;
• Liabilities: KRW4926 billion (USD4543 million), +4.1% when compared to period ended 31-Dec-2012. [more - original PR]

*Based on the average conversion rate at USD1 = KRW1084.44