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 62.2 billion won, a decrease of 84.5% compared to the previous year. Revenue increased by 8.1% to 7 trillion 592 billion 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 478.5 billion 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 428.2 billion won.
By business segment, passenger service revenue increased by 10% year-on-year to reach 46.464 trillion won. The expansion of international routes, including additional services to Seattle, Barcelona, and Istanbul, boosted revenue.
Cargo sector revenue increased by 7% year-on-year to 17.195 trillion won. The provision of charter flights and additional cargo aircraft to regions affected by supply restrictions due to geopolitical crises in the Middle East contributed to this increase.
An Asiana Airlines official noted, "This year marks the first year after the merger with Korean Air, and we plan to enhance operational efficiency through integrated purchasing and also engage in activities to ensure safe operations."