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Asiana Airlines Inc, South Korea’s No. 2 flag carrier, said Tuesday it swung to a net profit in the third quarter of this year due to favorable foreign exchange rates.
Consolidated net profit reached 80.2 billion won ($73 million) in the three months ended Sept. 30, a dramatic turnaround from a net loss of 34.7 billion won profit a year earlier, the carrier said in a regulatory filing.
Sales also gained 5.2 percent on-year to 1.5 trillion won. However, the company’s operating profit dropped 39.6 on-year to 108.9 billion won due to increased fuel consumption and lease expenses.
Asiana Airlines said it has introduced five passenger and two cargo planes since June. (Yonhap News)
Consolidated net profit reached 80.2 billion won ($73 million) in the three months ended Sept. 30, a dramatic turnaround from a net loss of 34.7 billion won profit a year earlier, the carrier said in a regulatory filing.
Sales also gained 5.2 percent on-year to 1.5 trillion won. However, the company’s operating profit dropped 39.6 on-year to 108.9 billion won due to increased fuel consumption and lease expenses.
Asiana Airlines said it has introduced five passenger and two cargo planes since June. (Yonhap News)
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Articles by Korea Herald
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