Asiana Airlines reports record revenue despite 84% drop in operating profit

Asiana Airlines achieved its highest revenue ever last year, but one-time expenses incurred during the merger process with Korean Air caused operating profit to decline significantly compared to the previous year. On the 10th, Asiana Airlines reported that its operating profit for last year was provisionally estimated at 62.2b won, a decrease of 84.5% compared to the previous year. Revenue increased by 8.1% to 7t 592b won, reaching the highest level ever. The significant decline in operating profit was due to substantial one-time expenses, including expanded maintenance investment, alignment of accounting standards with Korean Air, and the return of aging aircraft. Last year's net loss was 478.5b won, marking a transition into the red. The steep rise in the exchange rate of the won to the dollar significantly contributed to foreign exchange losses amounting to 428.2b won.<br/>