Asiana Airlines reports third consecutive quarterly profit in 4Q2020

    Asiana Airlines reported (16-Feb-2021) its third consecutive quarter of profitability in 4Q2020. Details as follows: 

    • Three months ended 31-Dec-2020:
      • Revenue: KRW880.8 billion (USD746.6 million), -38.9% year-on-year;
      • Operating profit: KRW17 billion (USD14.4 million), compared to a loss of KRW322.8 billion in p-c-p;
      • Net profit: KRW165.8 billion (USD140.5 million), compared to a loss of KRW325 billion in p-c-p;
    • 12 months ended 31-Dec-2020:
      • Revenue: KRW3560 billion (USD3 billion), -39.9%;
        • Cargo: KRW2143 billion (USD1.8 billion), +64%;
      • Operating profit (loss): (KRW70.3 billion) (USD59.6 million), compared to a loss of KRW486.7 billion in p-c-p;
      • Net profit (loss): (KRW264.8 billion) (USD224.5 million), compared to a loss of KRW762.9 billion in p-c-p.
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