SINGAPORE, 10 February 2025: Korean Air reports a record-high revenue of KRW16.1166 trillion (USD10.9637 billion) in 2024, with an operating profit of KRW 1.9946 trillion (USD1.3229 billion).
In Q4 2024, operating profit grew 159% year-on-year and net profit returned to profitability.
The airline’s Q4 2024 passenger business revenue totalled KRW2.3746 trillion, a 3% decline year-on-year due to the ongoing recovery in global supply chains. Despite the seasonal off-peak period, the airline maintained stable profitability by strategically adjusting capacity to meet strong winter tourism demand and enhancing premium-class service to improve load factors.
For Q1 2025, Korean Air aims to maximise revenue in passenger operations by maintaining capacity on high-demand routes and expanding charter flights, driven by sustained long-haul demand and anticipated recovery in the Chinese market.
Commenting on the outlook In 2025, Korean Air said it “anticipates uncertainties in the business environment due to shifts in the global political landscape. However, the airline remains committed to strengthening its competitiveness as a leading global carrier by strategically preparing for its integration with Asiana Airlines.”
