Korean Airlines Co.,Ltd. (KRX:003495)

Korean Airlines Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	23,231,222	17,870,718	16,111,796	14,096,095	9,016,825	7,610,531
Other Revenue	-0	-0	-0	-	-0	-
Revenue	23,231,222	17,870,718	16,111,796	14,096,095	9,016,825	7,610,531
Revenue Growth (YoY)	30.79%	10.92%	14.30%	56.33%	18.48%	-38.55%
Cost of Revenue	19,456,886	14,112,550	12,850,302	10,245,440	6,912,047	6,850,104
Gross Profit	3,774,336	3,758,168	3,261,494	3,850,654	2,104,778	760,427
Selling, General & Admin	2,148,509	1,521,919	1,335,826	881,451	575,392	534,016
Amortization of Goodwill & Intangibles	85,874	46,227	45,095	31,214	18,609	15,442
Other Operating Expenses	48,591	37,945	36,055	48,321	36,288	33,697
Operating Expenses	2,351,681	1,668,485	1,472,348	1,021,516	694,740	653,484
Operating Income	1,422,655	2,089,683	1,789,146	2,829,139	1,410,037	106,942
Interest Expense	-750,582	-514,159	-531,415	-400,950	-390,934	-513,863
Interest & Investment Income	268,439	288,020	307,083	162,349	75,730	46,914
Earnings From Equity Investments	7,711	-	-	-757.91	-28.89	-856.91
Currency Exchange Gain (Loss)	-139,080	-393,683	-38,196	-261,851	-384,643	284,824
Other Non Operating Income (Expenses)	386,396	244,499	87,949	184,580	238,371	-199,380
EBT Excluding Unusual Items	1,195,539	1,714,361	1,614,568	2,512,509	948,533	-275,419
Gain (Loss) on Sale of Investments	10,027	868	3,141	33,062	137,000	241.73
Gain (Loss) on Sale of Assets	58,474	120,947	-31,629	158,522	33,035	-20,981
Asset Writedown	-	-	-10,390	-141,958	-275,453	-639,538
Pretax Income	1,264,040	1,836,176	1,575,690	2,562,135	843,114	-935,697
Income Tax Expense	335,774	454,318	446,585	832,632	264,332	-112,240
Earnings From Continuing Operations	928,266	1,381,858	1,129,106	1,729,503	578,782	-823,457
Earnings From Discontinued Operations	-	-	-	-	-	593,438
Net Income to Company	928,266	1,381,858	1,129,106	1,729,503	578,782	-230,019
Minority Interest in Earnings	19,736	-64,596	-67,940	-1,140	-1,098	18,473
Net Income	948,002	1,317,262	1,061,165	1,728,363	577,684	-211,545
Preferred Dividends & Other Adjustments	-2,080	4,017	2,622	3,953	16,736	57,644
Net Income to Common	950,082	1,313,245	1,058,543	1,724,410	560,947	-269,189
Net Income Growth	-12.68%	24.13%	-38.60%	199.19%	-	-
Shares Outstanding (Basic)	369	369	369	360	322	161
Shares Outstanding (Diluted)	369	369	369	360	342	161
Shares Change (YoY)	-	-	2.53%	5.48%	112.46%	56.57%
EPS (Basic)	2572.44	3555.73	2866.11	4787.09	1743.37	-1674.67
EPS (Diluted)	2572.44	3555.73	2866.11	4787.09	1662.06	-1674.67
EPS Growth	-12.44%	24.06%	-40.13%	188.02%	-	-
Free Cash Flow	1,204,463	1,664,815	2,183,944	4,810,659	3,171,231	765,674
Free Cash Flow Per Share	3261.20	4507.65	5913.24	13354.73	9285.81	4763.37
Dividend Per Share	750.000	750.000	-	-	-	-
Gross Margin	16.25%	21.03%	20.24%	27.32%	23.34%	9.99%
Operating Margin	6.12%	11.69%	11.11%	20.07%	15.64%	1.41%
Profit Margin	4.09%	7.35%	6.57%	12.23%	6.22%	-3.54%
Free Cash Flow Margin	5.18%	9.32%	13.55%	34.13%	35.17%	10.06%
EBITDA	4,020,558	3,885,713	3,512,043	4,478,875	3,105,402	2,076,062
EBITDA Margin	17.31%	21.74%	21.80%	31.77%	34.44%	27.28%
D&A For EBITDA	2,597,903	1,796,030	1,722,896	1,649,736	1,695,365	1,969,119
EBIT	1,422,655	2,089,683	1,789,146	2,829,139	1,410,037	106,942
EBIT Margin	6.12%	11.69%	11.11%	20.07%	15.64%	1.41%
Effective Tax Rate	26.56%	24.74%	28.34%	32.50%	31.35%	-
Advertising Expenses	-	57,222	30,947	36,413	17,288	15,443

Source: S&P Global Market Intelligence. Standard template. Financial Sources.