Korean Air reports operating profit in 2Q2012

Korean Air revenue up 11% - financial highlights for three months ended 30-Jun-2012:

• Operating revenue: KRW3272 billion (USD2848 million), +11.1% year-on-year;
• Operating costs: KRW3143 billion (USD2735 million), +6.0%;
• Operating profit: KRW129,000 million (USD112.3 million), compared to a loss of KRW20,000 million (USD17.4 million) in p-c-p;
• Net profit (loss): (KRW159,000 million) (USD138.4 million), compared to a profit of KRW21,000 million (USD18.3 million) in p-c-p;
• Passenger traffic (RPKs):
  • Domestic: +8.0%;
  • International: +10.1%;
• Passenger load factor:
  • Domestic: 72.3%, +0.6 ppt;
  • International: 79.0%, +0.7 ppt;
• Passenger yield:
  • Domestic: USD 17.5 cents, -1.1%;
  • International: USD 9.4 cents, +3.3%;
• Cargo traffic (FTKs): -12.2%;
• Cargo load factor: 76.3%, +0.2 ppt;
• Cargo yield: USD 31.0 cents, -7.5%;
• Total assets: KRW22,839 billion (USD19,876 million), +2.0% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: KRW1229 billion (USD1070 million), -16.2% when compared to period ended 31-Dec-2011;
• Total liabilities: KRW20,377 billion (USD17,734 million), +3.9% when compared to period ended 31-Dec-2011. [more - original PR]

*Based on the average exchange rate of USD1 = KRW1149.05 for 2Q2012