Asiana Airlines

Asiana Airlines | August 04, 2016

Asiana Airlines Inc., a major South Korean flag carrier, on Thursday reported its second quarter operating profit turned to black, with its net loss also narrowing sharply from a year earlier.In the April-June period, the airliner posted a net loss of 26.7 billion won ($23.97 million), down 67.77 percent from a net loss of 85.4 billion won over the same period last year, the company said in a regulatory filing....

Asiana Airlines | August 05, 2016

Asiana Airlines Inc., a major South Korean flag carrier, is expected to see its earnings improve down the road thanks to an overhaul of unprofitable routes and sales of noncore assets, analysts said Friday.In a note to clients, Daishin Securities Co. said the airline has started turning around as it swung to a profit on an operating-income basis in the second quarter of this year....

Asiana Airlines | August 04, 2016

Asiana Airlines revenue up 4% – financial highlights: Three months ended 30-Jun-2016: Revenue: KRW1375 billion (USD1181 million), +4.1% year-on-year; Operating profit: KRW28.8 billion (USD24.8 million), compared to a loss of KRW67.1 billion (USD61.1 million) in p-c-p; Net profit (loss): (KRW26.7 billion) (USD22.9 million), compared to a loss of KRW85.4 billion (USD77.8 million) in p-c-p....

Asiana Airlines | August 03, 2016

[THE INVESTOR] Earnings of Asiana Airlines, the nation’s second-largest air carrier, will gradually improve through the rest of the year, a local securities firm said on Aug. 3.“The company’s operating profit is expected to turn to black at 18.4 billion won (US$16.50 million) due to its fuel cost reduction efforts and improved profitability of medium and long-haul routes,” said Shin Min-seok, an analyst at Hana Financial Investment....