Korean Air has reported an operating income of
3,119 billion KRW for the second quarter of 2012, a year-on-year
increase of 9.9%.
Operating profit turned to black from a loss of
38 billion KRW in the same period of last year to a profit of 100
International passenger and cargo businesses
remained the major revenue contributors for the airline,
accounting for 56.8% and 25.1% of the operating revenue
International Passenger Business
During the second quarter of 2012,
international passenger business saw increased traffic across
all routes, including the Commonwealth of Independent States (CIS,
up 41%), Japan (up 28%), China (up 18%) and Europe (up 15%).
International passenger segment recorded a year-on-year growth of
10.1% and 9.0% in passenger traffic and carrying capacity,
reaching 16,232 million RPK and 20,540 million ASK respectively.
Overseas outbound traffic lifted 18%, with 21% and 15% increase in
Korea inbound traffic and transit respectively.
cater the growing demand in summer, the airline will increase
passenger carrying capacity in high demand routes. With the
introduction of new Incheon – Yangon route in the third quarter,
as well as stepping up frequency on selected routes, such as
Incheon – Jinan, Incheon-Kunming, Incheon-Okayama, Incheon – Guam,
Incheon – Paris etc., the airline is expecting growth in
traffic recorded a year-on-year fall of 12.2% to 2,013 million FTK
as it saw a Y-o-Y decrease of 9% in Korea outbound traffic and
transit traffic respectively.
While transit traffic from Japan
reported a slump, transit traffic from Oceania recorded increase
of 47%. Direct flights between Shanghai and Americas were also put
into operation in the second quarter.
from the London 2012 Olympic Games and seasonal high demand in the
third quarter, cargo traffic is expected to recover gradually.
The exchange rate on
30 June 2012 was around US$1 = 1,153.8 KRW.
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