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- In Q4 2025, Korean Air recorded revenue of KRW 4.5516 trillion (USD 3.1721 billion), an increase of KRW 522 billion year-on-year. However, operating profit declined year-on-year to KRW 413.1 billion (USD 287.9 million) due to increased operating costs.
- Passenger business revenue totaled KRW 2.5917 trillion, up KRW 217.1 billion year-on-year. While demand on North American routes remained similar due to tighter entry regulations and intensifying competition on West Coast routes, the overall network achieved improved revenue and profitability. This growth was driven by a surge in short-haul demand, particularly for Japan and China, during the Chuseok holiday in October.
- Cargo business revenue rose by KRW 35.1 billion year-on-year to KRW 1.2331 trillion. Earnings remained stable, supported by steady e-commerce inflows, year-end seasonal volume, and reduced market volatility following the U.S.-China tariff negotiations.
- For Q1 2026, Korean Air plans to maximize passenger revenue by boosting sales in overseas markets to offset the weak Korean won and softening outbound demand from Korea. The airline will also flexibly expand capacity to capture peak demand periods, such as the Lunar New Year holiday in February. For the cargo business, amid uncertainties such as slowing in global economic growth, the airline plans to maximize profitability through portfolio diversification and flexible operation of freighter capacity in response to market conditions.
- In 2026, Korean Air anticipates a more competitive landscape driven by the recovery of global passenger capacity, alongside increased volatility in global policies. The airline is committed to responding agilely to these external variables, while ensuring the highest level of service as it prepares for the launch of the integrated airline.
<Q4 and Full Year 2025 Results (Non-consolidated)>
* Unit: KRW billion (USD million)
KRW/USD exchange rate: 1,434.9
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 116 cities in 39 countries on five continents with a modern fleet of 165 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.
Tags: Korean Air
