ASIANA AIRLINES POSTS $211M

Dino D'Amore
By Dino D'Amore February 23, 2011 09:47

ASIANA AIRLINES POSTS $211M

Asiana Airlines has posted 2011 annual revenues of KWR5.07 trillion, an increase of over 30% on 2009. 2010 net income of KRW236 billion from a net loss of KRW266.3 billion in 2009. International passenger traffic was up 7.3% in the fourth quarter to 6.43 billion RPKs on a 6.1% increase in capacity to 8.82 billion ASKs, producing a load factor of 73%, up 0.8%. Yield was up 21.8% to KRW106.8 during the period.

Fourth-quarter traffic to the EU rose 39% on an 11% reduction in RPKs. Traffic to China rose 23% with yield increasing 14%. For the three month-period, yield on US traffic lifted 24% on a 4% rise in RPKs.

Asiana said that overall revenue is expected to rise 8.4% to KRW5.5 trillion, though operating income is forecast to dip 4% to KRW635.7 billion on a 1.4 point decline in operating margin to 11.1%. Capacity is expected to rise 4.3% to 36.23 billion ATKs. International yield is forecast to grow 6.9% to KRW110 for the year.

Dino D'Amore
By Dino D'Amore February 23, 2011 09:47
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