News
Korean Air reports 67% drop in quarterly net profit
October 22nd 2025
Korean Air (KAL) has reported net profit of 91.8 billion won (US$65.5 million) for the three months to September 30 2025, down 67% from net profit of 276.6 billion won in the same three months in 2024. Read More » Revenue fell 6% to 4 trillion won, KAL said in a regulatory filing. The airline said increased industry-wide capacity and a competitive fare environment impacted the quarterly result. While fuel costs declined, this was offset by higher depreciation, maintenance and operational costs. Sales at KAL’s passenger operations fell 7.5% year-on-year, which KAL attributed to a shift in the timing of the Chuseok holiday - from September in 2024 to October in 2025 - and "temporary demand variables" such as stricter U.S. entry regulations. "Looking ahead to the fourth quarter, Korean Air expects improved performance across its passenger network, driven by the long Chuseok holiday in October and the year-end peak travel season," KAL said. "The airline plans to maximise profitability through flexible capacity management, particularly to popular winter destinations."
