15-Apr-2010 10:47 AM

Korean Air reports record operating profit in 1Q2010

Korean Air reports (14-Apr-2010) the following financial highlights for the three months ended 31-Mar-2010:

  • Operating revenue: USD2,328 million, +14.8% year-on-year;
    • Cargo: n/a, +57%;
  • Operating profit: USD197.3 million, compared to a loss in the previous corresponding period;
  • Profit before tax: USD203.3 million, compared to a loss of USD603.9 million in the previous corresponding period;
  • Passenger traffic (RPKs):
    • International: +14.4%;
    • Premium: +22%;
  • Cargo traffic (FTKs): +21.1%;
  • 2010 Targets:
    • Fleet: 132 aircraft, up from 126 aircraft as of Mar-2010;
  • 2019 Targets:
    • Passenger numbers: 20 million;
    • Cargo volume: 2.5 million tonnes;
    • Destinations: 140. [more][more - Perspective]

*Based on the conversion rate at USD1 = KRW1,116

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