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Performance

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									2010. 1Q. Performance
2010. 1Q. Performance
1. Financial Performance
  Income Statement                                       (Unit : KRW 100mil.)
                                                                                Operating Margin
          Category               10.1Q.    09.1Q.    Change     Change(%)
  Revenue                         11,758     9,229     2,528       27.4%
   Cost of sales                   9,069     8,866       203        2.3%
   Gross Income                    2,688       364     2,325      639.6%
   Selling & Administrative
                                   1,536     1,565       -29        -1.9%
   Cost
  Operating Income                 1,153    -1,201     2,354        -
   Non-Operating Income            1,096     1,768      -673       -38.0%
   Non-Operating Cost              1,027     3,699     -2,672      -72.2%
  - Net Financing Cost              537        598       -61       -10.2% Net Financing Cost(%)
  - Gain on Foreign Currency
                                     96       -276       372        -
    Transaction
  - Gain on Foreign Currency
                                    293       -790     1,083        -
    Translation
  - Equity Gain on Investments       48       -299       347        -
  - Gain on Derivatives
                                      -6       867      -873        -
    Transaction
  Income before taxes              1,221    -3,132     4,353        -
   Taxes                             263      -509       772        -
  Net Income                         958    -2,623     3,581        -                              1
2010. 1Q. Performance
1. Financial Performance(Cont.)
   Balance sheet                                         (Unit : KRW 100mil.)
                                                                                 Debt Ratio
            Category                10.1Q.    2009     Change Change(%)
    Total Asset                      58,227   58,150         78       0.1%
   Ⅰ. Current Assets                  8,228    9,388     -1,160     -12.4%
    (1) Liquid Assets                 7,074    8,286     -1,211     -14.6%
    (2) Inventories                   1,153    1,102         51       4.6%
   Ⅱ. Non-Current Assets             49,999   48,761     1,238        2.5%
    (1) Investments                  13,040   12,860        180       1.4%
    (2) Tangible Assest              30,341   28,710     1,631        5.7%
                                                                                Current Ratio
     (3) Intangible Assets               34       36         -3      -7.3%
     (4) Other Non-Current Assets     6,584    7,154       -570      -8.0%
    Total Liabilities                50,095   50,832       -737      -1.5%
   Ⅰ. Current Liabilities            26,243   25,333        910       3.6%
   Ⅱ. Non-Current Liabilities        23,851   25,499     -1,648      -6.5%
      - Borrowings                   37,514   38,642     -1,128       -2.9%
    Stock holder’s Equity             8,133    7,318        815      11.1%
    - Common Stock                    8,759    8,759           0      0.0%
                                                                                                2
2010. 1Q. Performance
2. Operating Income                                                              (Unit : KRW 100mil.)

             Revenue                  Operating Cost                  Operating Income
                           11,758
                                                  10,605                                1,153
         9,229                      10,430
                                              175
                  2,528                                                         2,354
                                             (1.7%)                    ‘09.1Q
                 (27.4%)
                                                                                        ‘10.1Q


        ‘09.1Q             ‘10.1Q   ‘09.1Q            ‘10.1Q
                                                                       -1,201

   Trend of Operatng Income                                                      (Unit : KRW 100mil.)


                                      OP Income           OP Margin




                                                                                                        3
2010. 1Q. Performance
3. Revenue Proportion
  Revenue proportion by business          Revenue proportion by routes

                                          ※ Passenger
            Others         Dom.                         EU Oceania
                                                                   Dom.
                                                                                   Japan
             9.7%        Passenger                     6.6% 7.6%
                                                                   8.0%
                                                                                   20.5%
                           4.8%              USA
                                            17.1%



 Cargo                                         China                    S.E.Asia
 27.8%                                         16.1%                     24.1%

                                                                 Dom.
                                          ※ Cargo      Oceania
                                                        1.0%     0.4%   Japan      S.E.Asia
                                                                         6.0%       15.4%
                                               EU
                                              20.8%
                                 Int'l
                              Passenger
                                                                                    China
                                57.6%                                               9.2%
                                                          USA
                                                         47.2%
                                                                                           4
     (as of 2010.1Q.)
2010. 1Q. Performance
4. Operating Performance
   Int’l Passenger
     The demand of short/mid haul(China, Japan, SE Asia) is increasing due to won appreciation and shrinked H1N1 spread.
    - Monthly base, the best transport performance record was broken in January and March and quarterly base,
      the best RPK record was broken in the 1st quarter.
     After 2010, general passenger demand is expected to increase by 7% annually and over 9% increment is the target of Asiana

 Operating
               Item                     ‘10. 1Q.               ‘09. 1Q.              Change               Change(%)
        Rev (KRW 100Mil.)                       6,335                   5,354                   981              18.3%
          ASK(Mil.KM)                           8,531                   7,924                   607               7.7%
          RPK(Mil.KM)                           6,793                   5,501                 1,292              23.5%
              L/F                              79.6%                   69.4%                10.2%p            -
          Yield(Won)                             93.3                    97.3                   -4.1             -4.2%
           Yield(¢)                                8.2                     7.2                   1.0             13.2%
                                                                                                         (Unit : Mil.KM, KRW)
   Routes
                                             RPK                                                Yield
        Routes
                          ‘10. 1Q.         ‘09. 1Q.    Change(%)             ‘10. 1Q.         ‘09. 1Q.       Change(%)
     Int’l Passenger            6,793            5,501       23%                       93               97          -4%
          Japan                   748              670       12%                      189              218         -13%
       S.E. Asia                1,928            1,630       18%                       86               78          10%
          China                   669              506       32%                      165              175          -6%
           USA                  2,008            1,621       24%                       59               62          -5%
            EU                    755              527       43%                       60               61          -1%
        Oceania                   685              547       25%                       76               75           2%          5
2010. 1Q. Performance
4. Operating Performance(Cont.)                         (Unit: Mil.KM)

 Int’l Passenger RPK               RPK     Change(%)




 Int’l Passenger Yield             Yield    Change(%)        (Unit : KRW)




                                                                            6
    (Change rate : year-on-year)
 2010. 1Q. Performance

4. Operating Performance(Cont.)
   Cargo
        The RTK and Yield levels surpassed prior economic crunch, due to increment in IT products,
        semiconductors, display-panels, etc, which are over 50% of air cargo.
        A wet-leased B747F has been added to serve recent surge in demand.

  Operating
              Item                    ‘10. 1Q.        ‘09. 1Q.         Change            Change(%)
        Rev (KRW 100Mil.)                     3,106           1,795             1,311               73.0%
          ATK(Mil.KM)                         1,090           1,016                74                7.3%
          RTK(Mil.KM)                           889             703               187               26.6%
              L/F                            81.6%           69.1%            12.4%p           -
          Yield(Won)                          349.3           255.5              93.8               36.7%
           Yield(¢)                            30.6            18.8              11.8               62.9%
                                                                                        (Unit : Mil.KM, KRW)
   Routes
                                          RTK                                    Yield
       Routes
                        ‘10. 1Q.        ‘09. 1Q.    Change(%)    ‘10. 1Q.      ‘09. 1Q.    Change(%)
      Cargo Total              889             703         27%          349            255       37%
        Japan                    22              13        67%          831            756       10%
      S.E. Asia                130             100         29%          369            284       30%
        China                    31              23        34%          920            602       53%
         USA                   482             365         32%          304            219       39%
          EU                   211             188         12%          306            232       32%
       Oceania                    8               8         6%          362            260       39%
       Routes                     4               5       -12%          312            287        9%           7
  2010. 1Q. Performance

4. Operating Performance(Cont.)

   Cargo RTK                                               (Unit: Mil.KM)
                                       RTK     Change(%)




                                                            (Unit : KRW)
   Cargo Yield                      Yield    Change(%)




     (Change rate : year-on-year)                                           8
 2010. 1Q. Performance
5. Operating Cost
                                                                                                      (Unit : KRW 100mil.)
                    Item                           ‘10 1Q              ‘09 1Q        Change       Change(%)
              Operating Cost                             10,605             10,430           174           1.7%
                 Fuel Cost                                3,266              3,012           254           8.4%
              Fuel Price(¢/ USG)                          216.6              183.3          33.3          18.1%
              Volumes (Mil. USG)                          131.9              121.2          10.6           8.8%
              Exchange rate(₩/$)                        1,143.3            1,360.0        -216.7         -15.9%
                                               The fuel cost slightly increased due to won appreciation,
                                               even though the fuel price and fuel usage increased
                 Wages                                    1,186              1,177             9           0.8%
              Number of Employees                         8,163              8,296          -133          -1.6%
                                               Salary was frozen and the number of employees was reduced
              Depreciation                                    545               659               -114           -17.3%
            Number of Aircraft on
                                                             31.0               31.0                    0             0%
            Financing Leases/Owned *
        Aircraft Rental Expenses                              798               878                   -79          -9.0%
            Number of Aircraft on
                                                             42.1               39.3                  2.8           7.1%
            Operating Leases *
                                               Won appreciation
         Maintenance Expenses                              618              499                       119         23.9%
                                               Increasing engine repair (10→16)
            Interest Expenses                              537              598                    -61           -10.2%
            Borrowings (As of term-end)                 37,514           42,850                 -5,336           -12.5%
   * Figures include 6 aircraft leased to Air Busan ( Financing Lease/Owned: 3, Operating lease: 3)                          9
  2010. 1Q. Performance
6. Fleet Plan
                                                  Fleet Status                                   Fleet Plan
       A/C Type       2010.1Q.      2009          Diff.    Operating Finance Owned             2010       Diff.
      Total                  68              69         -1    40        21     7                    68          -1
                                                            (59%)     (31%)  (10%)
      Passenger               60             61         -1    39        17     4                     59              -2
      A320-200                11             11          0    11                                     11               0
      A321-100                 2              2          0     2                                      2               0
      A321-200                13             13          0    13                                     13               0
      A330-300                 8              8          0     8                                      9               1
      B737-400                 3              5         -2     2        1                             2              -3
      B767-300                 7              7          0              4      3                      7               0
      B777-200ER              11             10          1     3        8                            11               1
      B747-Pax                 2              2          0              1      1                      2               0
      B747-Com                 3              3          0              3                             2              -1
      Freighter                8              8          0     1        4      3                      9               1
      B767-Frt                 1              1          0              1                             1               0
      B747-Frt                 7              7          0     1        3      3                      8               1
    - Return 2 B737 (Mar/Apr)
                                                       Introduction of New Aircraft
       Lease 1 B737 to Air Busan(Feb)                ※ A/C Type & Delivery
    - Introduce 1 B777 1(Mar), 1 A330(Sep)            - 30 A350 XWB(800/900/1000)
    - Conversion 1 B747-Com(Aug)                      - Delivery from 2016 to 2022
                                                     ※ A350 Specialties
                                                      - Mid/long haul A/C with 270~350 seats
                                                      - Cost saving, airframe built from new composite materials
                                                      - Eco-efficient aircraft with reduced emission & lower noise        10

								
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