25-Jan-2010 1:05 PM
Korean Air revenue down 4.9%, back in the black in 4Q2009
Korean Air revenue down 4.9% - financial/traffic highlights for the three months ended 31-Dec-2009:
- Operating revenue: USD2,238 million, -4.9% year-on-year;
- Operating cost: USD2,104 million, -9.9%;
- Fuel: USD681.6 million, -22.2%;
- Labour: USD297.0 million, +6.3%;
- Operating profit: USD133.68 million, +580.9%;
- Profit before tax: USD131.9 million, compared to a loss of 574.4 million in the previous corresponding period;
- Net profit: USD106.2 million, compared to a loss of USD559.0 million in the previous corresponding period;
- Passenger traffic (RPKs):
- Domestic: -13.2%;
- International: +11.3%;
- Passenger yield:
- Domestic: USD 15.9 cents, -9.0%;
- International: USD 7.5 cents, -20.3%;
- Cargo traffic (FTKs): +15.2%;
- Cargo yield: USD 30.98 cents, +3.7%;
- 2010 forecast:
- Passenger traffic (RPKs): +0.5%;
- Load factor: 71.7%, +2.5 ppts;
- Cargo traffic (FTKs): +10.3%. [more]
*Based on the conversion rate at USD1 = KRW1,152