Korean Air reports USD202m operating profit in 2020

    Korean Air reported (04-Feb-2021) the following preliminary financial highlights for 2020:

    • Revenue: KRW7405 billion (USD6.3 billion), -40% year-on-year;
      • Passenger: KRW2005 billion (USD1.7 billion), -74%;
      • Cargo: KRW4251 billion (USD3.6 billion), +66%;
    • Operating costs: KRW7167 billion (USD6.1 billion), -40%;
      • Fuel: KRW1247 billion (USD1.1 billion), -61%;
    • Operating profit: KRW238.3 billion (USD202 million), -17%;
    • Net profit (loss): (KRW228.1 billion) (USD193.3 million), compared to a loss of KRW568.7 billion in p-c-p;
    • Total assets: KRW24.7 trillion (USD20.9 billion);
    • Cash and cash equivalents: KRW1.25 trillion (USD1.1 billion);
    • Total liabilities: KRW21.4 trillion (USD18.1 billion).
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