Earnings Alerts

Korean Air Lines (003490) Earnings: Q2 Operating Profit Drops 12% Y/Y Despite 14% Sales Increase

  • Korean Air’s parent operating profit for Q2 2024 is 413.41 billion won.
  • This represents a 12% decrease year-over-year, compared to 467.98 billion won in Q2 2023.
  • Parent net profit for Q2 2024 stands at 349.04 billion won.
  • This is a 6% decrease year-over-year.
  • Parent sales for Q2 2024 totaled 4.02 trillion won.
  • This marks a 14% increase compared to the same period last year.
  • Analyst recommendations include 13 buys, 1 hold, and 0 sells.
  • Comparisons to past results are based on the company’s original disclosures.

A look at Korean Air Lines Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

In assessing the long-term outlook for Korean Air Lines, the company’s Smart Scores reveal a positive overall picture. With high scores in Growth and Value, Korean Air Lines demonstrates promising potential for future expansion and solid investment value. The strong momentum score further indicates a positive trend in the company’s performance, suggesting growing investor interest and confidence in its prospects. While the Resilience score is slightly lower, the overall scores position Korean Air Lines favorably for long-term success in the competitive aviation industry.

As a leading air transportation service provider, Korean Air Lines offers a range of services including passenger and cargo transportation, aircraft maintenance, and air catering. With a focus on both domestic and international airline operations, Korean Air Lines plays a crucial role in the global aviation sector. The company’s impressive Smart Scores reflect its strong foundation and growth potential, positioning it well for sustained success and shareholder returns in the foreseeable future.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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