A Korean Air Boeing 737 (Image courtesy of Yonhap)
SEOUL, July 11 (Korea Bizwire) — Korean Air Co., South Korea’s leading air carrier, said Friday its net profit for the second quarter grew 13.4 percent from a year earlier thanks to stable demand in the company’s passenger services.
The company’s net profit for the April-June period totaled 395.9 billion won (US$288.1 million) on a non-consolidated basis, compared with 349 billion won from the same period last year.
Operating profit, however, dropped 3.5 percent on-year to 399 billion won, while sales dipped 0.9 percent to 3.99 trillion won.
Korean Air said the decline in operating profit was driven by increased costs, but the impact was mitigated by effective capacity management and stable demand in the passenger operations, especially during the early May holiday period.
Looking ahead, Korean Air expects strong passenger traffic in the third quarter, driven by the peak summer travel season. The airline plans to boost sales through strategic capacity allocation on high-demand routes.
Meanwhile, the cargo division is expected to face uncertainty stemming from U.S. tariff issues. Korean Air said it aims to maintain profitability by enhancing its market responsiveness and flexibility in network operations.
(Yonhap)
