Korean Air, quarterly sales7expected to post an operating loss even in the trillion-won era

Korean Air was12the consensus of5major domestic securities firms for this year2quarterly sales are expected to reach7trillion won and70hundred billion won, marking the first time quarterly sales will be in the trillion-won range. The recovery in passenger demand is behind the increase in sales.7.

The consensus estimated operating profit for the same period at-1,712hundred billion won and net profit at-3,340hundred billion won. Unlike sales, profits are in negative territory.

Sales rose12.82% from a year earlier. The scale of the increase is reflected in the consensus.

Brokerages pointed to a surge in jet fuel prices and the strong won as factors increasing costs. Jet fuel and exchange rates are major items in airlines’ cost structures.

This consensus is the result of aggregating forecasts from 5brokerages. It was calculated as the average of the estimates provided by each brokerage.

Based on the consensus figures, Korean Air’s performance for this year’s 2quarter is being assessed as both “higher revenue” and “operating loss.” The final figures in the company’s disclosure must be released before this can be confirmed.

Investors need to check the revenue mix and cost items through the company’s disclosures and quarterly reports. Jet fuel costs and sensitivity to exchange rates are likely to be key factors determining differences in performance.