Air Busan reports USD158m operating loss in 2020

    Air Busan reported (23-Mar-2021) the following financial highlights for the 12 months ended 31-Dec-2020:

    • Revenue: KRW189,918 million (USD161 million), -70.0% year-on-year;
    • Costs: KRW378,602 million (USD320.9 million), -43.6%;
    • Operating profit (loss): (KRW186,685 million) (USD158.2 million), compared to a loss of KRW37,843 million (USD32.1 million) in p-c-p;
    • Net profit (loss): (KRW128,472 million) (USD108.9 million), compared to a loss of KRW72,910 million (USD61.8 million) in p-c-p;
    • Total assets: KRW1034 billion (USD876.5 million);
    • Cash and cash equivalents: KRW45,385 million (USD38.5 million);
    • Total liabilities: KRW924,224 million (USD783.4 million).
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