[Alpha Biz=(Chicago) Reporter Paul Lee] Regarding Korean Air's record-high operating performance last year, the Korea Credit Rating said on the 6th, "It is positive for its creditworthiness as its financial capacity has been expanded due to the accumulation of large-scale operating surpluses."
The credit rating given to Korean Air of Korea Credit Rating is BBB+ and the rating outlook is 'stable'.
Recently, Korean Air announced that last year's sales rose 53% year-on-year to 13.4127 trillion won and operating profit rose 97% to 2.8836 trillion won. Sales exceeded 12.6469 trillion won in 2018 and operating profit exceeded 1.4644 trillion won in 2021, the highest ever.
The Korea Credit Rating predicted, "Even if it is confirmed to acquire Asiana Airlines, whose financial soundness has been damaged due to the impact of rising interest rates and exchange rates, Korean Air's financial safety will continue to improve significantly from before the COVID-19 incident."
Alphabiz Reporter Paul Lee(hoondork@alphabiz.co.kr)
