Korean Air closes Q2, 2023 with $2.6bn revenue and operating profit of $356.5 million

Korean Air achieved a revenue of KRW 3.5354 trillion ($2.693 billion) in its second fiscal quarter, a 6% year-on-year increase following the strong recovery of travel demand. The airline posted a moderate operating profit of KRW 468 billion ($356.5 million) compared to last year, due to rising operation costs and airport fees. The airline’s Q2 passenger business revenue rose by 154% year-on-year to KRW 2.221 trillion due to increase in passenger capacity by 20% from the previous quarter to meet strong travel demand. The airline reported a decline in the cargo business revenue by 56% year-on-year in the second quarter