Domestic airliners expect to record big budget surplus this year

Domestic aviation companies are looking forward to going deep into the black this year due to restructuring administration environments currently in the red.

According to the aviation industry on Feb. 15, Korean Air aims at around 6 trillion won in sales and 80 billion won in net profit. Asiana Airlines also expects to be in the black with 2.37 trillion won in sales and 140 billion won in net profit.

Korean Air heightened their sales goals by 400 billion won to 5.6 trillion won compared with a year earlier, and Asiana Airlines also expects to increase by 8 percent from 2.97 trillion won.

The two aviation companies explained that they set these goals according to administrative environment improvements, such as the recent tendency for low international interest, currency rates and international oil prices falling and stabilizing, and the restoration of aviation demands.

This year net profits might depend on currency rates and oil prices.

Korean Air went into the red to the tune of 462.7 billion won last year, and has since announced that they would put a stop to it by reinforcing sales activities, with the goal of achieving 350 billion won in sales profit and 110 billion won in ordinary profit.

Even though Asiana Airlines showed 43.6 billion won in ordinary profits, it was in the red by an estimated 70.8 billion won because of exchange rate losses of 131.4 billion won. Asiana also expects to get back in the black with 140 billion won with business environment improvements this year.