As the Corona 19 situation is prolonged, Asiana Airlines, after Korean Air, released'Awning Surprise' in the second quarter of this year (surprising performance), and the airline industry laughed.

In particular, the corona crisis blocked the world's skies, and major airlines around the world issued a negative transcript, and the two national airlines succeeded in turning around side by side and attracted attention.

However, this is limited to large-scale airlines (FSCs) capable of cargo operations, and passenger-oriented low-cost airlines (LCCs) are expected to increase the deficit after the first quarter.

According to the airline industry on the 7th, Korean Air and Asiana Airlines recorded operating profit of 100 billion won in parallel in the second quarter of this year.


Korean Air showed off its operating consensus (KRW 82.25 billion) of operating profit of KRW 154.8 billion, and Asiana Airlines also posted an operating profit of KRW 151.5 billion, surpassing market expectations. To succeed.

While both airlines' international flights fell to 10~20% in the aftermath of corona, passenger demand plummeted by 90% and sales were cut in half, but sales in the cargo business increased to the level of last year.

Korean Air's cargo transport performance increased 17.3% from the same period last year, and sales in the cargo division recorded KRW 1.22 trillion, which was twice that of the same period last year.

Asiana Airlines' cargo division revenue (KRW 639.1 billion) also increased by 95% compared to the same period last year.

It is the result of both companies actively engaged in cargo operations by using idle passenger planes as cargo planes or organizing cargo temporary flights.

Korean Air has increased its cargo operation rate by 22% compared to the same period last year, and is carrying cargo on passenger seats.

As the transportation of Belly (passenger cargo plane), which accounts for about 65% of the air cargo supply, became difficult, the freight transport performance of American Airlines, United Airlines, British Airways, etc., which operated aviation operations mainly in passenger planes, last May to June was 30~45 compared to the previous year In contrast to the sharp decline to the% level.

"In the aviation sector, the operating surplus in the second quarter is hard to find worldwide," said Choi Woo-woon, a researcher at Korea Investment & Securities. "The relative superiority of the two major Korean companies operating cargo business is expected to continue in the third quarter."


In addition to this, in addition to the cargo sector's advancement, it also supported efforts to reduce labor costs by returning employees' salaries and taking paid or unpaid leave.

Korean Air reduced its operating expenses (1.55 trillion won), including fuel and labor costs, to about half of last year's (3.11 trillion won).

Asiana Airlines' operating expenses were also down 56% compared to the same period last year.

As the corona crisis is prolonged and both companies continue self-reliance efforts to squeeze dry towels, it is expected that employees will continue to take turns and additional self-help efforts.

The announcement of the surprise results of the two major airlines has brought good news to the airline industry, but it seems that the low-cost airline (LCC) industry does not reach the warmth.

Jin Air, T-way Air, and Air Busan, which are scheduled to announce their earnings on the 14th, will be in line with the deficit. Seems to grow.

(Photo = Korean Air, Asiana Airlines, Yonhap News)