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• In the second quarter, the airline achieved a record quarterly revenue of KRW 4.0237 trillion (USD 2.8964 billion), representing a 14% increase year-on-year. This achievement was driven by proactive responses to seasonal changes in passenger demand across networks, and active efforts in securing air cargo demand. Operating profit, however, decreased by 12% year-on-year due to increased fuel and labor costs, and other expenses associated with higher business volume.

• Revenue from the passenger business rose by 10% year-on-year to KRW 2.4446 trillion. This increase was a result of the airline’s expanded capacity across its networks, including China, and strong business and leisure demand to the Americas and Europe.

• Cargo business revenue increased by 14% year-on-year to KRW 1.0972 trillion, driven by increased e-commerce volumes from China on top of steady air cargo demand from the semiconductor, automotive and display industries.

• In Q3, the airline aims to maximize profit by increasing flight frequencies and expanding charter operations during the peak summer travel months. The cargo business will continue to accommodate e-commerce demand with additional charter flights and enhance competitiveness through flexible route operations.

[Q2 2024 Results (Non-consolidated)]

Q2 2024 Q2 2023 Remarks
Revenue 4,023.7
(2,896.4)		 3,535.4
(2,544.9)		 +14% YoY
Operating Profit 413.4
(297.6)		 468
(336.9)		 -12% YoY
Net Income 349
(251.2)		 371.5
(267.4)		 -6% YoY

[H1 2024 Results (Non-consolidated)]

H1 2024 H1 2023 Remarks
Revenue 7,846.2
(5,648)		 6,731.3
(4,845.5)		 +17% YoY
Operating Profit 849.5
(611.5)		 883
(635.6)		 -4% YoY
Net Income 694.3
(499.8)		 726.9
(523.3)		 -4% YoY