Asiana Airlines 3Q Sales 1.9 Trillion KRW... Largest Quarterly Record

9.0% Increase in Sales and 1.8% Growth in Operating Profit Year-on-Year
Passenger Demand Recovers... Freight Market Also Strong

Asiana Airlines achieved nearly 1.9 trillion KRW in sales in the third quarter of this year, marking the highest quarterly record ever. This is attributed to the recovery in passenger demand as well as growth in cargo demand.

On the 14th, Asiana Airlines announced preliminary results showing separate sales of 1.8796 trillion KRW and operating profit of 128.9 billion KRW for the third quarter of this year. These figures represent increases of 9.0% and 1.8%, respectively, compared to the same period last year. The sales figure is the highest ever recorded on a quarterly basis, driven by the recovery of international passenger demand and supply, along with strong performance in the cargo business.

During the same period, net profit reached 143.1 billion KRW, turning positive compared to the previous year. This is attributed to the impact of a decline in exchange rates.

Specifically, passenger sales reached 1.2702 trillion KRW, supported by strong demand on short- and medium-haul routes such as Japan (+16%) and China (+13%), as well as the Americas (+6%). This represents a 5.0% increase compared to the same period last year. The company actively responded to summer peak season demand by increasing flights on the New York route in the United States, expanding routes to Osaka, Okinawa, and Sapporo in Japan, and resuming operations on the Chengdu and Dalian routes in China.

Cargo sales amounted to 424.2 billion KRW, up 19.3% year-on-year, driven by increased volumes of e-commerce and IT new products and steady air cargo freight rates. Notably, routes to the Americas (+26%) and Europe (+19%) showed remarkable growth.

Asiana Airlines plans to flexibly respond to winter travel demand by resuming flights to Asahikawa in Japan, operating charter flights to popular Southeast Asian resorts such as Kota Kinabalu, Nha Trang, and Siem Reap, increasing flights to San Francisco in the United States, and operating regular flights to Cairo, Egypt.

In the cargo business, the company intends to continuously secure e-commerce volumes and target demand during the year-end global consumption season, including Black Friday and Christmas, to expand profitability.