Loading
11-Nov-2009 11:35 AM

Korean Air reports USD86.3 million profit despite a 10% fall in revenue in 3Q2009

Korean Air reports the following preliminary financial/traffic highlights for the three months ended 30-Sep-2009 (JoongAng Daily, 11-Nov-2009):

  • Revenue: USD2,131 million, -10.3% year-on-year;
  • Operating profit: USD86.3 million, compared to a loss of USD21.7 million in the previous corresponding period;
  • Net profit: USD227.8 million, compared to a loss of USD590.3 million in the previous corresponding period;
  • Passenger traffic (RPKs): +4.4%.

*Based on the conversion rate at USD1 = KRW1,159

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