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Korean Air attributes profit dip to currency fluctuations
April 14th 2025
Korean Air (KAL) has reported a net profit of 193.2 billion won (US$131.7 million) for the three months to March 31 down 44% from a 345.2 billion won net profit in the matching quarter last year. Read More » Revenue increased 3% to 3.96 trillion won, KAL said, but operating profit declined 19% to 350.9 billion won. The profit falls were primarily due to higher operating costs from depreciation and maintenance of newly introduced aircraft and higher operating unit costs from currency fluctuations, the flag carrier said. A number of these aircraft deliveries were postponed during the pandemic, it added. “These aircraft are part of Korean Air’s broader strategy to boost capacity and elevate service quality in the mid to long term. By deploying its latest aircraft, the airline aims to grow its global network, enhance the passenger experience and strengthen overall profitability,” the airline said. KAL is forecasting continued passenger business expansion in the current quarter especially in the early May holiday period for travel from South Korea to Southeast Asia, China and Japan. “To maximize profitability, the airline will explore new destinations and expand charter flight operations,” KAL said. “In the cargo sector, the airline will closely monitor fluctuations related to U.S. trade policies and respond swiftly to maintain operational flexibility and support revenue stability.”
