Air Busan reports USD158m operating loss in 2020

23 March, 2021

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). [more - original PR - Korean]