Asiana Airlines reports turnaround in 2Q2016

Asiana Airlines revenue up 4% - financial highlights:

• Three months ended 30-Jun-2016:
• • Revenue: KRW1375 billion (USD1181 million), +4.1% year-on-year;
  • Operating profit: KRW28.8 billion (USD24.8 million), compared to a loss of KRW67.1 billion (USD61.1 million) in p-c-p;
  • Net profit (loss): (KRW26.7 billion) (USD22.9 million), compared to a loss of KRW85.4 billion (USD77.8 million) in p-c-p;
• Six months ended 30-Jun-2016:
• • Revenue: KRW2743 billion (USD2321 million), +1.0%;
  • Operating profit: KRW64.6 billion (USD54.7 million), compared to a profit of KRW2.9 billion (USD2.6 million) in p-c-p;
  • Net profit: KRW17.8 billion (USD15.1 million), compared to a loss of KRW25.8 billion (USD23.5 million) in p-c-p. [more - original PR - Korean]

*Based on the average conversion rate at USD1 = KRW1163.73 for 2Q2016
*Based on the average conversion rate at USD1 = KRW1182.14 for 1H2016
*Based on the average conversion rate at USD1 = KRW1097.51 for 2Q2015
*Based on the average conversion rate at USD1 = KRW1099.5 for 1H2015