Asiana Airlines announced its preliminary results of 3.55 trillion won in sales, minus 70.3 billion won in operating profit and minus 264.8 billion won in net profit in 2020 based on separate financial statements of K-IFRS on Feb. 16.
Its sales fell 39.9% year-on-year due to the influence of COVID-19, but operating losses fell sharply year-on-year, recovering from a crisis in which passenger demand fell to an all-time high.
It recorded sales of 880.8 billion won and operating profit of 17 billion won in fourth quarter, continuing its surplus for third consecutive quarter.
In particular, the cargo sector's performance was notable, making up for sluggish passenger demand. Asiana Airlines actively expanded cargo transportation amid a continued shortage of global cargo supply in the aftermath of COVID-19, increasing cargo sales by 64% year-on-year.
In particular, it actively transported IT, medicine and personal protective equipment to the Americas, Europe, and Southeast Asia, recording sales of 2.143 trillion won, breaking the record in the cargo sector.
It also focused on operating flights from China, Southeast Asia, and from the Americas and Europe, taking advantage of the geographical advantages of Northeast Asia.
It actively transported masks and personal protective equipment produced in China and Southeast Asia to the U.S. and Europe, and secured supplies of IT and electronics parts due to the rapid growth of the e-commerce market amid the spread of non-face-to-face culture.
