4-Sep-2009 11:26 AM
Korean Air 2Q2009 revenue down 16.2%, operating losses worsen
Korean Air revenue down 16.2% - financial highlights:
- Three months ended 30-Jun-2009:
- Operating revenue: USD1,668 million, -16.2% year-on-year;
- Operating costs: USD1,770 million, -15.1%;
- Fuel: USD534.7 million, -40.1%;
- Labour^: USD208.6 million, -2.8%;
- Operating profit (loss): (USD102.3 million), compared to a loss of USD93.6 million in the previous corresponding period;
- Profit before tax: USD75.3 million, compared to a loss of USD321.7 million in the previous corresponding period;
- Net profit: USD63.1 million, compared to a loss of USD232.2 million in the previous corresponding period;
- Passenger traffic (RPKs):
- Domestic: -21.5%;
- International: -6.8%;
- Load factor:
- Domestic: 65.5%, -9.1 ppts;
- International: 66.3%, -5.7 ppts;
- Yield:
- Domestic: USD 13.6 cents, +4.4%;
- International: USD 6.5 cents, -12.3%;
- Six months ended 30-Jun-2009:
- Operating revenue: USD3,488 million, -8.5%;
- Operating costs: USD3,585 million, -7.8%;
- Fuel: USD1,118 million, -27.6%;
- Labour^: USD433.0 million, +17.3%;
- Operating profit (loss): (USD97.0 million), compared to a loss of USD77.9 million in the previous corresponding period;
- Profit (loss) before tax: (USD466.3 million), compared to a loss of USD684.3 million in the previous corresponding period;
- Net profit (loss): (USD360.0 million), compared to a loss of USD493.9 million in the previous corresponding period. [more]
- *Based on the conversion rate at USD1 = KRW1,244
- ^Excludes SG&A