Korean Air 2Q2009 revenue down 16%, USD102 million operating loss

Korean Air revenue down 16% - financial highlights for the three months ended 30-Jun-2009 (Bloomberg, 14-Aug-2009):

• Revenue: USD1,663 million, -16%% year-on-year;
• Operating costs:
  • Fuel: USD534.2 million, -40%;
• Operating profit (loss): (USD102.2 million), compared to a loss of USD93.5 million in the previous corresponding period;
• Net profit: USD63.1 million, compared to a loss of USD232.0 million in the previous corresponding period;
• Foreign exchange gain (loss): USD330.0 million, compared to a loss of USD219.3 million in the previous corresponding period.
• *Based on the conversion rate at USD1 = KRW1,245