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