Korean Air revenue up 5% in 3Q2016

Korean Air revenue up 5% - financial highlights for three months ended 30-Sep-2016:

• Revenue: KRW3118 billion (USD2.8 billion), +4.9% year-on-year;
• Operating costs: KRW2658 billion (USD2.4 billion), +1.0%;
• Operating profit: KRW460 billion (USD410.3 million), +34.7%;
• Net profit: KRW511 billion (USD455.8 million), compared to loss of (KRW508 billion) (USD45.3 million) in p-c-p;
• Passenger traffic (RPKs): +8.4%;
• Passenger load factor: 80.9%, +1.7 ppts;
• Total asset: KRW23,871 billion;
• Cash & cash equivalent: KRW992 billion;
• Total liabilities: KRW21,507 billion. [more - original PR]

*Based on the average conversion rate at USD1 = KRW1121.2