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4-May-2011 12:03 PM

Korean Air revenue up 7%, operating profit up 41% in 1Q2011

Korean Air revenue up 7% - financial highlights for the three months ended 31-Mar-2011:

  • Operating revenue: USD2634 million, +7.2% year-on-year;
  • Operating costs: USD2483 million, +12.9%;
    • Fuel: USD929.1 million, +29.9%;
    • Labour: USD355.2 million, +4.2%;
  • Operating profit: USD152.2 million, +41.2%;
  • Net profit: USD263.3 million, +49.5%;
  • Total assets: USD18,709 million, +0.1%;
  • Cash and cash equivalents: USD548.1 million, +31.1%;
  • Total liabilities: USD15,400 million, +1.4%;
  • Passenger traffic (RPKs):
    • Domestic: -4.3%;
    • International: +3.0%;
  • Load factor:
    • Domestic: 58.8%, +1.3 ppt;
    • International: 77.7%, +0.7 ppt;
  • Passenger yield**:
    • Domestic: USD 16.7 cents, +3.7%;
    • International: USD 8.8 cents, +11.4%;
  • Cargo traffic (FTKs): -1.6%;
  • Cargo load factor: 75.5%, -1.6 ppt;
  • Cargo yield**: USD 30.59 cents, +2.7%. [more]

* Based on the conversion rate USD1 = KRW1070.96

** Reported in USD

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