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5-Apr-2011 11:21 AM

Korea Airports Corporation says 11 of its 14 airports report losses

Korea Airports Corporation (KAC) announced 11 of the 14 airports under its management reported an accumulated annual loss of KRW50,600 million (USD46.4 million) in 2010 (CAAC-News/Chosun, 03-Apr-2011). The airport management company attributed the operational losses and decline in passenger traffic to the opening of the Korea Train Express. According KAC, three airports including Gimpo, Gimhae and Jeju reported accumulated profit of KRW179,400 million (USD164.6 million) in 2010. Details include:

  • Profits (loss):
    • Gimpo Airport: KRW77,800 million (USD71.4 million);
    • Gimhae Airport: KRW58,900 million (USD54.0 million);
    • Jeju Airport: KRW42,700 million (USD39.2 million);
    • Daegu Airport: (KRW1500 million) (USD1.4 million);
    • Wonju Airport: (KRW1600 million) (USD1.5 million);
    • Gwangju Airport: (KRW1700 million) (USD1.6 million);
    • Gunsan Airport: (KRW2000 million) (USD1.8 million);
    • Saecheon Airport: (KRW3800 million) (USD3.5 million);
    • Cheongju Airport: (KRW5100 million) (USD4.7 million);
    • Pohang Airport: (KRW6700 million) (USD6.1 million);
    • Yangyang Airport: (KRW6800 million) (USD6.2 million);
    • Ulsan Airport: (KRW6900 million) (USD6.3 million);
    • Muan Airport: (KRW7100 million) (USD6.5 million);
    • Yeosu Airport: (KRW7400 million) (USD6.8 million);
  • Average daily passenger numbers:
    • Gimpo: 48,126;
    • Jeju: 43,080;
    • Gimhae: 22,358;
    • Gwangju: 3695;
    • Cheongju: 3553;
    • Daegu: 3148;
    • Ulsan: 2687;
    • Yeosu: 1794;
    • Pohang: 887;
    • Gunsan: 478;
    • Saecheon: 440;
    • Muan: 274;
    • Wonju: 193;
    • Yangyang: 24.