Korean Air, 2quarterly operating profit 2,618…surpasses securities firms’ estimates

Korean Air 2026for 2posted separate-basis operating profit for the quarter, down 34.4% year on year to 2,618billion won, but delivered results more than 6times above securities firms’ forecasts. From an investor perspective, the key point is that demand and cost factors were mixed in the results.

Revenue increased 25.9% to 5trillion199billion won, the company announced on 13. The company said operating profit and revenue both beat market expectations.

The latest securities firms’ forecasts put operating profit at 396billion won and revenue at 4trillion7,327billion won. The fact that actual results greatly exceeded forecasts is why they are classified as an earnings surprise.

The company said high oil prices weighed on operating profit. It also said weaker won boosted passenger demand and cargo demand to Korea.

Meanwhile, net income swung to a loss due to valuation losses related to the weak exchange rate. The disclosure only stated that a net loss was incurred.

The disclosure was 7made 13on the date. It was repeatedly mentioned that these were separate-basis figures and that the impact of exchange rates and oil prices would need to be checked in future quarterly results.