Asiana Airlines reduces Q2 loss on revenue strength
Asiana Airlines managed to cut its net loss significantly in Q2, thanks partly to the carrier’s revenue rising to record levels during the period. The airline reported a net loss of KRW49.4b (US$43.8m) for the 3 months ended June 30, compared to a KRW74.8b loss a year earlier. Asiana’s revenue rose 10% year-on-year to KRW1.6t. The carrier achieved an operating profit of KRW38b for the quarter, which was down 11% from the KRW42.8b profit recorded in the same period last year. The carrier blamed this slip on higher fuel prices. Losses from foreign exchange shifts declined to KRW58.8b, compared to KRW93.3b won last year. Asiana’s net loss was KRW54.8b for the first 6 months of 2018. This was a turnaround from its KRW21.3b profit a year earlier. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-08-15/star/asiana-airlines-reduces-q2-loss-on-revenue-strength
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Asiana Airlines reduces Q2 loss on revenue strength
Asiana Airlines managed to cut its net loss significantly in Q2, thanks partly to the carrier’s revenue rising to record levels during the period. The airline reported a net loss of KRW49.4b (US$43.8m) for the 3 months ended June 30, compared to a KRW74.8b loss a year earlier. Asiana’s revenue rose 10% year-on-year to KRW1.6t. The carrier achieved an operating profit of KRW38b for the quarter, which was down 11% from the KRW42.8b profit recorded in the same period last year. The carrier blamed this slip on higher fuel prices. Losses from foreign exchange shifts declined to KRW58.8b, compared to KRW93.3b won last year. Asiana’s net loss was KRW54.8b for the first 6 months of 2018. This was a turnaround from its KRW21.3b profit a year earlier. <br/>
