Asiana Airlines achieved record sales last year due to recovered passenger demand

Last year, Asiana Airlines recorded record sales of over 6.5 trillion won (approximately 731.9 billion yen) as international passenger demand recovered. 400 billion won (approximately 45 billion yen)
Asiana Airlines, which has maintained a surplus by achieving an operating profit of more than 1,000 yen, is expected to do everything in its power to reduce its debt, which amounts to several trillion won, before merging with Korean Air.
Asiana Airlines (020560) had individual sales of 6,532.1 billion won (approximately 735.5 billion yen) and operating profit of 400,652 million won last year.
It was announced on the 15th that the preliminary tally was approximately 45.1 billion yen. Sales increased by 16% compared to the previous year, marking the largest scale ever. On the other hand, operating profit decreased by 45%,
Net profit was 23,896 million won (approximately 2.7 billion yen), a decrease of 89.5%. Asiana Airlines recovered its business performance last year by significantly increasing international passenger sales, but last year's passenger business sales
The turnover amounted to 4,289.2 billion won (approximately 482.8 billion yen), an increase of 90% compared to the previous year. Asiana Airlines operates all international routes in response to increased overseas travel and transfer demand
expanded. We are strengthening our US routes by operating two daily flights to Los Angeles, increasing night flights to New York, and expanding to various routes such as Melbourne (Australia) and Chiang Mai (Thailand).
We launched charter flights to capture new tourism demand. In addition, the company expanded its supply on Japan routes by operating medium- and large-sized aircraft and increasing the number of flights. Routes connecting small cities in Japan such as Miyazaki, Toyama, and Yamaguchi Ube also operate.
did. The proceeds were used to improve the financial structure. As of the end of last year, Asiana Airlines' total debt was 11,104 billion won (approximately 1,249.1 billion yen), compared to the previous year.
It decreased by 5.8%. This is the result of reducing financial debt through operating expenses and redemption of loans, and also canceling lease debt.
In addition, as of the end of last year, borrowings were 2,817.6 billion won (approximately 317.2 billion yen).
This was a 17.4% decrease compared to the previous year. Asiana Airlines will redeem marketable debts, including 700 billion won (approximately 78.8 billion yen) borrowed by creditors, through cash flow from operating activities.
strengthened its financial soundness and reduced interest costs.