Air Busan Reports 49.4 Billion KRW Operating Loss in Q2... "Efforts to Overcome COVID Crisis"

[Asia Economy Reporter Dongwoo Lee] Air Busan announced on the 17th that its operating loss based on separate financial statements for the second quarter of this year was 49.4 billion KRW, a decrease in the deficit compared to the same period last year (operating loss of 51.4 billion KRW).

During the same period, sales increased by 102.1% to 47.7 billion KRW, and net loss for the period decreased by 18.9 billion KRW to 24.9 billion KRW.

An Air Busan official stated, "The slight improvement in performance appears to be the result of efforts to minimize losses due to the prolonged impact of COVID-19," adding, "We will do our best to overcome the COVID-19 crisis through efficient route management and cost reduction to overcome this crisis."

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