Loading
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

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More