16-Nov-2011 12:06 PM
Korean Air confirms 3Q2011 net loss, operating profit halved
Korean Air confirmed the following financial highlights for three months ended 30-Sep-2011:
- Operating revenue: USD2930 million, +4.3% year-on-year;
- Operating costs: USD2718 million, +12.6%;
- Fuel: USD1074 million, +33.9%;
- Labour: USD341.4 million, -11.0%;
- Operating profit: USD211.2 million, -46.5%;
- Net profit (loss): (USD462.8 million), compared to a profit of USD486.1 million in p-c-p;
- Passenger numbers: +8%;
- Passenger traffic (RPKs):
- Domestic: -1.8%;
- International: +10.6%;
- Passenger load factor:
- Domestic: 66.7%, -0.3 ppt;
- International: 79.1%, +0.7 ppt;
- Passenger yield:
- Domestic: USD 19.3 cents: +14.9%;
- International: USD 10.0 cents, +11.1%;
- Cargo traffic (FTKs): -5.9%;
- Cargo load factor: 73.8%, -0.9 ppt;
- Cargo yield: USD 31.6 cents, +3.9%;
- Total assets: USD19,059 million, +7.9% when compared to period ended 31-Dec-2010;
- Cash and cash equivalents: USD861 million, +14.6% when compared to period ended 31-Dec-2010;
- Total liabilities: USD16,407 million, +11.1% when compared to period ended 31-Dec-2010;
- 4Q2011 aircraft delivery plan:
- Total aircraft deliveries: Six;
- Passenger: Five including one A380, one B777 and three B737s;
- Freighter: One B747F. [more - original PR]
- Total aircraft deliveries: Six;
*Based on the conversion rate at USD1 = KRW1133