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13-Feb-2018 11:45 AM

Jin Air reports record profit in 2017

Jin Air reported (12-Feb-2018) record high profits in 2017. Details as follows:

  • Operating revenue: KRW888.4 billion (USD784.5 million), +23% year-on-year;
    • Domestic passenger: KRW177.5 billion (USD156.7 million), +1%;
    • International passengers: KRW664.8 billion (USD587.0 million), +31%;
  • Operating cost: KRW791.4 billion (USD698.8 million), +19%;
  • Operating profit: KRW97.0 billion (USD85.6 million), +86%;
  • Net profit: KRW73.3 billion (USD64.7 million), +86%;
  • Passengers: 8.7 million, +12%;
  • Passenger load factor: 88%, +3ppt;
  • Yield: KRW71 (USD 6.27 cents), +6%;
  • Total assets: KRW497.0 billion (USD438.9 million);
  • Total liabilities: KRW266.0 billion (USD234.9 million). [more - original PR - Korean I][more - original PR - Korean II]

*Based on the average conversion rate at KRW1 = USD0.000903 for 4Q2017
*Based on the average conversion rate at KRW1 = USD0.000883 for CY2017

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