Asiana Airlines’ net loss widened to won (W) 80.1 billion ($71.9 million) in the second quarter from a loss of W37.4 billion in the same period a year ago.
For the quarter, the South Korean carrier’s revenue decreased by 4.1% to W1.37 trillion. International passenger revenue declined 5.1% to W746 billion.
The airline posted an operating loss of W29.9 billion, a reversal from an operating profit of W38.9 billion for the same period a year earlier.
International passenger traffic for the second quarter, as measured in RPKs, grew by 4.9% and capacity as measured in ASKs rose by 7.2%. Its international passenger load factor fell by 1.7 percentage points year on year to 76.8%.
On the cargo front, cargo traffic rose by 3.8% and capacity increased by 7% year on year. Cargo load factor decreased by 2.4 percentage points to 77%.
For the first half of the year, the airline’s net loss widened to W128 billion from a loss of W39.3 billion a year ago. Its revenue for the period went down by 1.8% to W2.79 trillion, while international passenger revenue fell by 2.3% to W1.56 trillion.
Asiana reported an operating loss of W51 billion for the first half of the year compared with a profit of W86 billion a year ago.
International passenger traffic for the first half of the year, as measured in RPKs, grew by 6.2% year on year, against a 7.2% increase in ASKs, leading to a 0.7 percentage point decline in load factor to 77.2%.