Korean Air revenue up 14.8%, profits surge in 1Q2010

Korean Air revenue up 14.8% - financial highlights for the three months ended 3-Mar-2010:

• Operating revenue: USD2,140 million*, +14.8% year-on-year;
• Operating costs; USD1,699 million, +7.2%;
  • Fuel: USD631.2 million, +5.6%;
  • Labour**: USD232.1 million, +1.0%;
• Operating profit: USD181.4 million, +3,236%;
• Net profit: USD141.3 million, compared with a loss of USD433.5 million in the previous corresponding period;
• Passenger traffic (RPKs):
  • Domestic: -4.1%;
  • International: +14.4%;
• Load factor:
  • Domestic: 57.5%, -0.8 ppt;
  • International: 77.0%, +8.5 ppts;
• Passenger yield:
  • Domestic: USD 15.23 cents, +1.9%;
  • International: 7.41 cents, -7.6%;
• Cargo traffic (FTKs): +21.1%;
• Cargo yield: USD 28.10 cents, +32.1%. [more]

*Based on the conversion rate at USD1 = KRW1,214
**Excluding selling, general and administrative expense