17-May-2016 10:30 AM
Korean Air operating profit up 70% in 1Q2016
Korean Air revenue stable - financial highlights for three months ended 31-Mar-2016:
- Revenue: KRW2867 billion (USD2388 million), -0.1% year-on-year;
- Operating costs: KRW2544 billion (USD2119 million), -5.1%;
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- Fuel: KRW475 billion (USD395.7 million), -39.8%;
- Labour: KRW443 billion (USD369 million), +1.4%;
- Operating profit: KRW323 million (USD269.1 million), +70.0%;
- Net profit (loss): (KRW175 billion (USD145.8 million), compared to a loss of KRW133 million (USD120.8 million) in p-c-p;
- Passenger traffic (RPKs):
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- Domestic: +6.1%;
- International: +8.1%;
- Passenger load factor:
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- Domestic: 72.3%, +3.1 ppts;
- International: 77.1%, +0.7 ppt;
- Passenger yield:
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- Domestic: KRW169.2 (USD 14.1 cents), -2.5%;
- International: KRW89.7 (USD 7.5 cents), -1.1%;
- Cargo traffic: -12.1%;
- Cargo load factor: 74.8%, -5.1 ppts;
- Cargo yield: KRW268.9 (USD22.4 cents), -12.8%;
- Total assets: KRW23,505 billion (USD19,580 million);
- Cash and cash equivalents: KRW597 billion (USD497.3 million);
- Total liabilities: KRW21,196 billion (USD17,656 million). [more - original PR]
*Based on the average conversion rate at KRW1 = USD0.000833 for 1Q2016
*Based on the average conversion rate at KRW1 = USD0.000908 for 1Q2015