Korean Air achieved a record-high revenue of KRW 16.1166 trillion (USD 10.9637 billion) in 2024, with an operating profit of KRW 1.9946 trillion (USD 1.3229 billion).
The airline reports that in Q4 2024, its operating profit grew 159% year-on-year and net profit returned to profitability.
Korean Air’s Q4 2024 passenger business revenue totaled KRW 2.3746 trillion, a 3% decline year-on-year due to ongoing recovery in global supply chains.
The airline said that 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.
Korean Air said it recorded record cargo revenue of KRW 1.1980 trillion in the fourth quarter, marking a 9% increase year-on-year. Cargo volumes remained stable, supported by sustained e-commerce demand from China and seasonal year-end retail surge.
The airline said that for Q1 2025, it aims to maximize 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 China market.
In cargo operations, Korean Air plans to strengthen profitability through service diversification and dynamic capacity management, leveraging robust e-commerce-driven demand.
However in 2025, Korean Air warns cautions about 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
