26-Oct-2012 11:34 AM

Korean Air operating profit up 31% in 3Q2012

Korean Air revenue up 3% - financial highlights for three months ended 30-Sep-2012:

  • Sales revenue: KRW3400 billion (USD3001 million), +2.6% year-on-year;
  • Passenger: KRW2028 billion (USD1790 million), +7%;
  • Operating profit: KRW313.2 billion (USD276.4 million), +30.5%;
  • Net profit: KRW340 billion (USD300 million), compared to a loss of KRW536.3 billion (USD473.4 million) in p-c-p. [more – original PR – Korean]

*Based on the average conversion rate at USD1 = KRW1132.95 for the period

Korean Air stated (25-Oct-2012) the introduction of fuel-efficient aircraft led to a significant increase in passenger numbers on long-haul routes to Americas, Europe and Oceania. The carrier handled 4.7 million international passengers in 3Q2012 with a load factor of 82%.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More