Asiana Airlines operating profit halved in 1Q2012

Asiana Airlines revenue up 8% - financial highlights for three months ended 31-Mar-2012:

• Revenue: KRW1351 billion (USD1197 million), +7.6% year-on-year;
• Total costs: KRW1316 billion (USD1165 million), +11.4%;
  • Fuel: KRW507.4 billion (USD449.3 million), +25.9%;
  • Labour: KRW145.1 billion (USD128.5 million), +7.3%;
• Operating profit: KRW35,500 million (USD31.4 million), -52.7%;
• Net profit: KRW3300 million (USD2.9 million), -94.7%;
• Passenger traffic (RPKs):
  • International: +11.2%;
    • Japan: +3.4%;
    • China: +6.6%;
    • Southeast Asia: +14.1%;
    • CIS: +14.0%;
    • US: +5.3%;
    • Europe: +49.3%;
    • Oceania: -0.3%;
• Passenger load factor:
  • International: 78.9%, +1.1 ppt;
    • Japan: 79.0%, +7.5 ppts;
    • China: 74.2%, +1.4 ppt;
    • Southeast Asia: 84.2%, +3.6 ppts;
    • CIS: 65.6%, +4.8 ppts;
    • US: 79.7%, -5.2 ppts;
    • Europe: 71.8%, +5.0 ppts;
    • Oceania: 78.7%, +1.4 ppt;
• Passenger yield:
  • International: KRW105.6 (USD 9.35 cents), +2.0%;
    • Japan: KRW219.6 (USD19.45 cents), +4.0%;
    • China: KRW189.0 (USD 16.74 cents), +6.7%;
    • Southeast Asia: KRW94.5 cents (USD 8.37 cents), +2.1%;
    • CIS: KRW127.8 (USD11.32 cents), +0.9%;
    • USA: KRW68.3 (USD6.05 cents), +4.5%;
    • Europe: KRW69.6 (USD6.16 cents), -5.8%;
    • Oceania: KRW95.5 (USD 8.46 cents), +7.2%;
• Cargo traffic (FTKs): +3.4%;
• Cargo load factor: 80.8%, +1.9 ppt;
• Cargo yield: KRW323.3 (USD 28.63 cents), -3.1%;
• Total assets: KRW5536 billion (USD4902 million), +5.0% when compared to period ended 31-Dec-2011;
• Total liabilities: KRW4660 billion (USD4127 million), +4.5% when compared to period ended 31-Dec-2011. [more - original PR]

*Based on the average conversion rate at USD1 = KRW1129.19 for the period