Asiana Airlines operating profit down 11% in 2Q2018, net loss narrows

    Asiana Airlines reported (08-Aug-2018) the following financial highlights for the three months ended 30-Jun-2018:

    • Revenue: KRW1501 billion (USD1390 million), +8.4% year-on-year;
      • Domestic passengers: KRW96.2 billion (USD89.1 million), +10%;
      • International passengers: KRW871 billion (USD806.5 million), +12%;
        • Americas: KRW200.7 billion (USD185.8 million), +13%;
        • Southeast Asia: KRW186.6 billion (USD172.8 million), -2%;
        • China: KRW155.5 billion (USD144 million), +29%;
        • Europe: KRW134.8 billion (USD124.8 million), +10%;
      • Cargo: KRW3475 billion (USD3218 million), +3%;
        • Americas: KRW163.0 billion (USD150.9 million), +2%;
    • Operating costs: KRW1474 billion (USD1365 million), +9.3%;
      • Fuel: KRW437.8 billion (USD405.4 million), +30%;
      • Labour: KRW188.1 billion (USD174.2 million), +4%;
    • Operating profit: KRW27.2 billion (USD25.2 million), -11.2%;
    • Net profit (loss): (KRW752 billion) (USD69.6 million), compared to a loss of KRW92.3 billion in p-c-p;
    • Passenger traffic (RPKs): +9%;
    • Passenger load factor: 85%, +4ppt;
    • Passenger yield: KRW81 (USD 7.5 cents), +1%;
    • Cargo traffic (FTKs): -2%;
    • Cargo load factor: 80%, -3ppt;
    • Cargo yield: KRW289 (USD 26.8 cents), +8%;
    • Total assets: KRW7117 billion (USD6612 million);
    • Total liabilities: KRW6321 billion (USD5872 million). [more – original PR – Korean]

    *Based on the average conversion rate at KRW1 = USD0.000926 for 2Q2018
    *Based on the average conversion rate at KRW1 = USD0.000929 for 1H2018