Asiana Airlines' third quarter sales up 13.1% year-on-year - South Korea

On the 14th, major Korean airline Asiana Airlines announced that its third quarter (July-September) sales were 1.725 trillion won (approximately 199.5 billion yen) and operating profit was 123.7 billion won (approximately 14.3 billion yen).
, net income for the period was minus 31.2 billion won (approximately minus 3.6 billion yen).'' Passenger demand and supply on international flights will increase significantly due to the COVID-19 virus infection endemic.
As a result, sales in the third quarter of 2023 increased by 13.1% compared to the same period last year, and operating profit decreased by 44.8% compared to the same period last year. Net income was affected by the decline in the won-dollar exchange rate.
As a result, the deficit narrowed compared to the same period last year. Operating income decreased by 102.6 billion yen from the same period of the previous year due to an increase in operating expenses and a decline in profitability of the cargo business due to the expansion of aircraft operations due to a recovery in international flight supply.
However, due to the passenger season, it increased by 16.3% from the second quarter (April to June). Passenger business sales in the third quarter increased by 63.0% compared to the same period last year1
It recorded 209.3 billion won (approximately 139.8 billion yen). In addition, cargo business sales for the third quarter decreased by 47.7% compared to the same period last year to 355.7 billion won (approximately 41.1 billion yen).