Asiana Airlines was boosted by increased demand, particularly for short-haul travel, and beat soaring fuel costs to post a second-quarter net profit of KRW16 billion ($16.1 million) that reversed last year's loss of KRW8.6 billion. Revenue jumped 12% to KRW843.3 billion and operating profit increased more than sevenfold to KRW22.2 billion. Fuel costs jumped KRW49.2 billion for the quarter. Key to the airline's strong performance has been the introduction by many Korean companies of a ...

Subscribe to Access this Entire Article

"Demand drives Asiana's return to second-quarter profitability" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.