Despite concerns of a broader economic slowdown stemming from global trade tensions, the airline maintained stable revenue at KRW 3.9859 trillion (USD 2.9386 billion), supported by effective capacity management. However, operating profit for the quarter decreased by 3.5% year-on-year, despite savings from lower fuel prices, due to increased operating expenses such as personnel and depreciation costs.
Revenue from the passenger business totaled KRW 2.3965 trillion, marking a 2% decrease year-on-year. Nonetheless, key profitability indicators remained steady, driven by proactive network adjustments during the seasonal off-peak period and a surge in demand during the early May holiday period.
Cargo revenue in the second quarter was KRW 1.0554 trillion, a 4% decrease year-on-year. The airline navigated market volatility caused by U.S. tariff policies by diversifying its product offerings and focusing on high-yield cargo such as semiconductors, batteries and solar cells, along with seasonal perishables.
Looking ahead to the third quarter, the airline anticipates strong passenger demand entering the peak summer travel season, and plans to maximize revenue through dynamic capacity management on key routes. In the cargo business, it will continue to strengthen network flexibility and market responsiveness to ensure stable profitability amid ongoing uncertainty surrounding U.S. tariff policies.
< Q2 2025 Results (Non-consolidated) >
*Unit: KRW billion (USD million)
KRW/USD exchange rate: 1,356.4
< H1 2025 Results (Non-consolidated) >
*Unit: KRW billion (USD million)
KRW/USD exchange rate: 1,356.4
About Korean Air
Serving the world for more than 55 years, Korean Air is one of the world's top 20 airlines, carrying more than 23 million passengers in 2024. With its global hub at Incheon International Airport (ICN), the airline serves 117 cities in 40 countries on five continents with a modern fleet of 161 aircraft and over 20,000 professional employees.
Korean Air's outstanding performance and commitment to the highest level of safety and customer service has widely been recognized. The airline has been granted numerous awards including a 5-star airline rating from Skytrax as well as Airline of the Year from both Air Transport World and Airline Ratings. Korean Air is a founding member of the SkyTeam airline alliance, and has grown into one of the largest transpacific airlines through its joint venture with Delta Air Lines.
For more information about Korean Air, please visit www.koreanair.com, Korea
Tags: Korean Air
