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Korean Air Posts Record 2025 Revenue as Weak Won Pressures Profit

Management is pivoting to overseas sales expansion to protect margins.

Overview

  • Fourth-quarter revenue rose 13% year over year to 4.55 trillion won, with net profit up 13% to 284 billion won and operating profit down 5% to 413.1 billion won.
  • Full-year revenue reached a record 16.5 trillion won, while operating profit fell 19% to 1.54 trillion won and net income declined 21% to 965 billion won due to currency and cost pressures.
  • Passenger revenue increased by 217.1 billion won to 2.59 trillion won on stronger travel to Japan and China during the October Chuseok holiday.
  • Cargo revenue rose 35.1 billion won to 1.23 trillion won, supported by steady e-commerce flows, year-end demand and calmer markets after U.S.-China tariff talks.
  • Korean Air plans to grow passenger sales in overseas markets, add capacity for Lunar New Year peaks, and diversify cargo with more flexible freighter deployment.