-2-

-3-
Corporate Status

-4-
 (2023.12.31.) (2023.12.31.)
Shares Ownership
'23.09.30 '23.12.31 Diff.
Grand Total 74,411,764 100.00%
Kumho E & C 22,896,020 30.77%
Total 8,879 8,839 -40 -0.5%
Kumho Petrochemical 8,197,799 11.02%
Other Individual 43,317,945 58.21% Administrative
806 801 -5 -0.6%
Face Value KRW 5,000 /Management

Sales Staff 1,074 1,071 -3 -0.3%

Airport Service 855 852 -3 -0.4%

Flight Dispatcher 106 106 +0 0.0%

Maintenance 1,283 1,302 +19 1.5%

Cabin Crew 3,337 3,293 -44 -1.3%

Flight Crew 1,418 1,414 -4 -0.3%

-5-
 (2023.12.31.)
Fleet Status
'23.12.31. Operating Finance Owned
Total 81 50 13 18
Ratio 62% 16% 22%
Passenger 70 47 13 10
A320/321 14 14 - -
A321NEO 9 5 4 -
B767 1 - - 1
A330 15 15 - -
B747 1 - - 1
B777 9 - 1 8
A350 15 13 2 -
A380 6 - 6 -
Freighter 11 3 - 8
B767F 1 - 1
B747F 10 3 - 7
※ Aircrafts leased to Air Busan, Air Seoul are excluded

(Unit: Hours/Month)
'23.4Q '22.4Q Diff. '23Y '22Y Diff.
Passenger 317.5 249.8 27.1% 299.6 202.4 48.0%
Freighter 459.1 385.9 19.0% 433.4 371.5 16.7%
Total 337.2 275.8 22.3% 318.5 238.3 33.7%

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 (2023.12.31.)
Freq. /
Nation City Route Cities in Service
Week
Dom. Passenger - 6 7 221 Seoul, Incheon, Jeju, Gwangju, Yeosu, Cheongju, Daegu

Int'l. Passenger 22 52 56 459

Japan 1 8 10 140 Tokyo, Osaka, Nagoya, Fukuoka, Sendai, Sapporo, Miyazaki, Okinawa
Beijing, Shanghai, Guangzhou, Yanji, Chongqing, Harbin, Dalian, Hangzhou, Nanjing, Qingdao, Chengdu,
China 1 15 17 108
Shenzhen, Changsa, Yancheng, Guilin
Hongkong, Taipei, Hanoi, Ho Chi Minh City, Danang, Bangkok, Manila, Clarkfield, Cebu, Singapore, Jakarta,
Southeast Asia 9 13 13 126
Phnom Penh, Delhi
CIS 3 3 3 9 Tashkent, Almaty, Ulaanbaatar
USA 1 5 5 38 L.A., New York, San Francisco, Seattle, Honolulu
Europe 6 6 6 27 Frankfurt, Paris, London, Rome, Istanbul, Barcelona
Oceania 1 2 2 11 Sydney, Saipan
Tokyo, Osaka, Shanghai, Tianjin, Guangzhou, Yantai, Hongkong, Singapore, Hanoi, Ho Chi Minh City, Bangkok
Int'l. Cargo 12 25 21 70 L.A., New York, San Francisco, Anchorage*, Seattle, Chicago, Atlanta, Dallas
London, Vienna, Frankfurt, Brussels, Milano, Almaty
* Anchorage : Technical Landing

-7-
 2020 2021 2022 '23.4Q Cum.
Asiana 19.3% 17.1% 13.5% 15.5%
Korean Air 22.9% 16.1% 14.5% 19.2%
Other Airlines 57.8% 66.8% 72.0% 65.3%

2020 2021 2022 '23.4Q Cum.

Asiana 15.3% 16.8% 19.8% 13.2%
Korean Air 22.2% 25.3% 31.2% 20.5%
Other Airlines 62.5% 57.9% 49.0% 66.3%

2020 2021 2022 '23.4Q Cum.

Asiana 25.2% 25.4% 22.5% 20.8%
Korean Air 47.0% 47.4% 45.9% 43.5%
Other Airlines 27.8% 27.2% 31.6% 35.7%
*Source: Korea Airport Corporation

-8-
 (2023.12.31.)
Company Name Shares Ownership (%)
# Domestic Asiana Airport 1,000,000 100.0
# Asiana IDT 8,460,000 76.2
# Asiana Sabre 160,000 80.0
# Air Busan 48,863,143 41.9
# Air Seoul 3,500,000 100.0
# Gate Gourmet Korea 10,666,000 40.0
# LSG Sky Chefs Korea 260,000 20.0
# Overseas All Nippon Airways 315,300 0.1

-9-
Performance Result

-10-
 2020 2021 2022 2023

F/X Rate
1,180.3 1,144.0 1,291.2 1,305.7
(￦/$)
MOPS
44.8 75.2 126.7 104.6
($/BBL)
3M Interest
0.66 0.16 2.39 5.16
Rate (%)

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 (Unit: Mil KRW)
Diff. Diff.
구 분 '23.4Q '22.4Q '23.4Q Cum. '22.4Q Cum.
Amount % Amount %
매출Revenue 2,048,463 1,733,170 315,292 18.2% 7,623,348 6,206,669 1,416,679 22.8%
매출원가
Operating Expenses 1,792,313 1,495,677 296,636 19.8% 6,401,772 5,197,775 1,203,998 23.2%
판매비와관리비
SG&A Expenses 153,837 121,221 32,616 26.9% 601,647 410,131 191,517 46.7%
영업이익(손실)
Operating Income 102,313 116,273 (13,960) -12.0% 619,929 598,764 21,165 3.5%
Non-Operating Income 91,132 507,643 (416,511) -82.0% (477,632) (606,464) 128,832 21.2%
금융수익
Financial Income 10,289 9,789 500 5.1% 52,352 28,588 23,764 83.1%
금융비용
Financial Expense 101,904 127,395 (25,491) -20.0% 426,647 406,492 20,154 5.0%
기타수익
Other Income 77,944 184,190 (106,245) -57.7% 254,902 447,603 (192,701) -43.1%
기타비용
Other Expense (96,675) (439,940) 343,265 78.0% 376,225 673,856 (297,632) -44.2%
관계기업및공동기업의
Equity Method Income & 당기순손익에
Expense 대한 지분
8,127 증감 1,119 7,008 626.2% 17,985 (2,307) 20,292 -
법인세비용차감전순이익(손실)
Income Before Taxes 193,445 623,916 (430,471) -69.0% 142,297 (7,700) 149,997 -
법인세비용(수익)
Income tax Expense 40,215 111,515 (71,300) -63.9% 38,235 34,226 4,009 11.7%
분기순이익(손실)
Net Profit 229,700 580,853 (351,153) -60.5% 180,532 26,526 154,006 580.6%
지배기업 소유주지분
Equity holders of the Parent Company 194,178 534,053 (339,875) -63.6% 113,908 110,447 3,462 3.1%
비지배지분
Non-controlling Interest 67,252 46,800 20,452 43.7% 66,624 (83,921) 150,545 -

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 (Unit: Mil KRW)
Diff.
구 분 '23.4Q '22.4Q
Amount %
유동자산
Ⅰ. Current Assets 2,149,809 2,844,323 (694,514) -24.4%
현금및현금성자산

1. Cash & Cash Equivalents 312,485 586,950 (274,465) -46.8%

단기금융상품

2. Short-term Financial Instruments 966,474 1,447,408 (480,935) -33.2%

매출채권
3. Accounts Receivable 435,600 424,315 11,286 2.7%
재고자산
4. Inventories 231,403 207,174 24,229 11.7%
5. Other Current Assets 203,848 178,476 25,372 14.2%
비유동자산
Ⅱ. Non-Current Assets 10,866,937 10,611,019 255,918 2.4%
투자자산
1. Investments 954,889 1,072,231 (117,342) -10.9%
유형자산
2. Tangible Assets 9,043,323 8,714,517 328,806 3.8%
무형자산
3. Intangible Assets 52,336 57,848 (5,512) -9.5%
4. 기 타
4.Other Non-Current Assets 816,389 766,423 49,966 6.5%
자산총계
Total Assets 13,016,746 13,455,341 (438,596) -3.3%
유동부채
Ⅰ. Current Liabilities 5,435,522 5,976,436 (540,914) -9.1%
비유동부채
Ⅱ. Non-Current Liabilities 6,770,879 6,763,260 7,619 0.1%
부채총계
Total Liabilities 12,206,400 12,739,696 (533,295) -4.2%
자본금
Ⅰ. Capital Stock 372,059 372,059 - 0.0%
자본잉여금
Ⅱ. Capital Surplus 1,156,780 1,156,801 (21) 0.0%
기타포괄손익누계액

Ⅲ. Accumulated Other Comprehensive Income 105,980 105,743 237 0.2%

이익잉여금(결손금)

Ⅳ. Other component of equity (862,182) (850,766) (11,415) -1.3%

기타자본구성요소

Ⅴ. Retained Earnings (92,631) (92,631) - 0.0%

비지배지분
Ⅵ. Non-controlling Interest 130,339 24,441 105,899 433.3%
자본총계
Total Equity 810,345 715,646 94,700 13.2%
부채및자본총계
Total Liabilities & Equity 13,016,746 13,455,341 (438,596) -3.3%

-13-
 (Unit: Mil KRW)

Diff. '23.4Q '22.4Q Diff.

구 분 '23.4Q '22.4Q
Amount % Cum. Cum. Amount %

매출Revenue 1,781,711 1,548,567 233,144 15.1% 6,532,127 5,630,017 902,110 16.0%

매출원가
Operating Expenses 1,570,498 1,325,729 244,769 18.5% 5,588,111 4,546,170 1,041,941 22.9%

판매비와관리비
SG&A Expenses 138,683 106,822 31,862 29.8% 543,365 350,310 193,055 55.1%

영업이익(손실)
Operating Income 72,530 116,017 (43,487) -37.5% 400,652 733,538 (332,886) -45.4%

Non-Operating Income 86,156 397,643 (311,487) -78.3% (357,518) (529,537) 172,019 32.5%

금융수익
Financial Income 12,689 15,859 (3,170) -20.0% 63,039 58,554 4,485 7.7%

금융원가
Financial Expense 92,018 110,461 (18,443) -16.7% 388,039 371,028 17,011 4.6%

기타수익
Other Income 85,351 (190,633) 275,984 - 320,666 607,402 (286,736) -47.2%

기타비용
Other Expense (80,135) (682,879) 602,744 - 353,184 824,465 (471,281) -57.2%

법인세비용차감전순이익(손실)
Income Before Taxes 158,686 513,660 (354,974) -69.1% 43,134 204,001 (160,867) -78.9%

법인세수익
Income tax Expense 27,063 58,101 (31,038) -53.4% 2,847 (24,115) 26,963 -

분기순이익(손실)
Net Profit 131,623 455,559 (323,935) -71.1% 40,286 228,116 (187,830) -82.3%

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 (Unit: Mil KRW)
Diff.
구 분 '23.4Q '22.4Q
Amount %
Ⅰ. 유동자산
Ⅰ. Current Assets 1,773,854 2,447,954 (674,100) -27.5%
현금및현금성자산

1. Cash & Cash Equivalents 220,447 287,872 (67,425) -23.4%

단기금융상품
2. Short-term Financial Instruments 704,383 1,392,702 (688,319) -49.4%
매출채권
3. Accounts Receivable 410,501 391,727 18,774 4.8%
재고자산
4. Inventories 219,542 200,819 18,722 9.3%
5. Other Current Assets 218,981 174,833 44,148 25.3%
Ⅱ. 비유동자산
Ⅱ. Non-Current Assets 10,089,447 10,136,557 (47,110) -0.5%
투자자산
1. Investments 744,469 790,242 (45,774) -5.8%
유형자산
2. Tangible Assets 7,900,784 7,675,058 225,725 2.9%
무형자산
3. Intangible Assets 22,960 23,029 (68) -0.3%
기타 4.Other Non-Current Assets 1,421,234 1,648,228 (226,993) -13.8%
자산총계
Total Assets 11,863,301 12,584,511 (721,210) -5.7%
Ⅰ. 유동부채
Ⅰ. Current Liabilities 5,096,296 5,664,581 (568,285) -10.0%
Ⅱ. 비유동부채
Ⅱ. Non-Current Liabilities 6,007,713 6,124,469 (116,756) -1.9%
■ Borrowings with Interest 2,817,601 3,413,055 (595,453) -17.4%
■ Borrowings without Interest 8,286,408 8,375,995 (89,587) -1.1%
부채총계
Total Liabilities 11,104,010 11,789,050 (685,041) -5.8%
자본금
Ⅰ. Capital Stock 372,059 372,059 - 0.0%
자본잉여금
Ⅱ. Capital Surplus 1,156,780 1,156,801 (21) 0.0%
기타포괄손익누계액

Ⅲ. Accumulated Other Comprehensive Income 99,279 98,977 302 0.3%

결손금
Ⅳ. Other component of Equity (838,595) (802,144) (36,451) -4.5%
기타자본구성요소

Ⅴ. Retained Earnings (30,232) (30,232) - 0.0%

자본총계
Total Equity 759,291 795,461 (36,170) -4.5%
부채및자본총계
Total Liabilities & Equity 11,863,301 12,584,511 (721,210) -5.7%

부채및자본총계

-15-
 (Unit: Mil KRW)
Diff. '23.4Q '22.4Q Diff.
구 분 '23.4Q '22.4Q
Amount % Cum. Cum. Amount %
Revenue 1,781,711 1,548,567 233,144 15.1% 6,532,127 5,630,017 902,110 16.0%
Cost TTL 1,709,181 1,432,551 276,631 19.3% 6,131,476 4,896,480 1,234,996 25.2%
Labor 218,658 212,195 6,463 3.0% 810,544 683,435 127,109 18.6%
% to Revenue 12.3% 13.7% -1.4%p 12.4% 12.1% 0.3%p
Fuel 613,379 562,098 51,281 9.1% 2,123,942 1,871,277 252,665 13.5%
% to Revenue 34.4% 36.3% -1.9%p 32.5% 33.2% -0.7%p
Rent / Amortization 229,306 202,688 26,618 13.1% 853,997 841,865 12,132 1.4%
% to Revenue 12.9% 13.1% -0.2%p 13.1% 15.0% -1.9%p
Op. lease amortization 58,425 57,738 687 1.2% 226,982 230,342 -3,360 -1.5%
% to Revenue 3.3% 3.7% -0.4%p 3.5% 4.1% -0.6%p
Maintenance 145,295 85,620 59,675 69.7% 445,842 328,981 116,861 35.5%
% to Revenue 8.2% 5.5% 2.6%p 6.8% 5.8% 1.0%p
Operating costs 248,115 173,633 74,482 42.9% 916,592 559,548 357,044 63.8%
% to Revenue 13.9% 11.2% 2.7%p 14.0% 9.9% 4.1%p
Direct sales costs 66,001 50,748 15,254 30.1% 266,309 151,157 115,152 76.2%
% to Revenue 3.7% 3.3% 0.4%p 4.1% 2.7% 1.4%p
Others 188,426 145,568 42,858 29.4% 714,250 460,218 254,032 55.2%
% to Revenue 10.6% 9.4% 1.2%p 10.9% 8.2% 2.8%p

-16-
12.8%

14.8%
35.9%

39.2%
13.4%
8.5% 14.1%
14.5% 6.0%
12.1%
3.9% 3.5%
11.0% 10.2%

-17-
 2022 2023 Diff. (%)
1Q 2Q 3Q 4Q '22Y 1Q 2Q 3Q 4Q '23.4Q Cum. 1Q 2Q 3Q 4Q
Dom. Passenger 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Revenue (mil Won) 59,052 95,409 96,081 99,585 350,126 87,710 96,044 80,043 96,326 360,122 48.5% 0.7% -16.7% -3.3%
Revenue (000$) 49,085 75,687 71,970 72,824 269,567 68,972 72,904 61,029 72,763 275,669 40.5% -3.7% -15.2% -0.1%
ASK (thou. km) 548,564 617,230 631,879 625,725 2,423,397 595,533 596,303 579,579 591,024 2,362,438 8.6% -3.4% -8.3% -5.5%
RPK (thou. km) 442,416 550,852 517,303 552,891 2,063,462 488,993 520,400 471,021 502,743 1,983,156 10.5% -5.5% -8.9% -9.1%
Load Factor (%) 80.6% 89.2% 81.9% 88.4% 85.1% 82.1% 87.4% 79.1% 84.4% 83.9% 1.5%p -1.9%p -2.8%p -3.9%p
Yield (￦) 133.5 173.2 185.7 180.1 169.7 179.4 184.6 169.9 191.6 181.6 34.4% 6.6% -8.5% 6.4%
Int'l Passenger 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Revenue (mil Won) 139,309 400,145 634,356 692,316 1,866,126 809,963 953,950 1,107,324 1,031,069 3,902,308 481.4% 138.4% 74.6% 48.9%
Revenue (000$) 115,531 316,673 474,811 510,525 1,417,540 635,901 725,317 844,668 780,072 2,985,958 450.4% 129.0% 77.9% 52.8%
ASK (thou. km) 3,367,464 4,300,903 6,863,482 7,697,967 22,229,815 8,657,836 10,123,261 11,068,952 10,906,854 40,756,902 157.1% 135.4% 61.3% 41.7%
RPK (thou. km) 1,185,584 3,406,658 5,548,722 6,278,958 16,419,922 7,159,079 8,378,420 9,329,704 8,926,694 33,793,897 503.8% 145.9% 68.1% 42.2%
Load Factor (%) 35.2% 79.2% 80.8% 81.6% 73.9% 82.7% 82.8% 84.3% 81.8% 82.9% 47.5%p 3.6%p 3.4%p 0.3%p
Yield (￦) 117.5 117.5 114.3 110.3 113.7 113.1 113.9 118.7 115.5 115.5 -3.7% -3.1% 3.8% 4.8%
Yield (￠) 9.7 9.3 8.6 8.1 8.6 8.9 8.7 9.1 8.7 8.8 -8.8% -6.9% 5.8% 7.5%
■ Passenger Total 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Revenue (mil Won) 98,386 131,366 171,439 197,848 2,216,252 897,673 1,049,994 1,187,367 1,127,396 4,262,430 812.4% 699.3% 592.6% 469.8%
Revenue (000$) 88,399 117,119 148,087 167,244 1,687,106 704,874 798,221 905,698 852,835 3,261,627 697.4% 581.5% 511.6% 409.9%
ASK (thou. km) 3,169,211 3,559,158 3,577,669 3,688,057 24,653,212 9,253,368 10,719,564 11,648,530 11,497,878 43,119,340 192.0% 201.2% 225.6% 211.8%
RPK (thou. km) 866,288 1,170,421 1,466,310 1,647,528 18,483,384 7,648,071 8,898,820 9,800,725 9,429,437 35,777,053 782.9% 660.3% 568.4% 472.3%
Load Factor (%) 27.3% 32.9% 41.0% 44.7% 75.0% 82.7% 83.0% 84.1% 82.0% 83.0% 55.3%p 50.1%p 43.2%p 37.3%p
Yield (￦) 113.6 112.2 116.9 120.1 119.9 117.4 118.0 121.2 119.6 119.1 3.3% 5.1% 3.6% -0.4%
Yield (￠) 10.2 10.0 10.1 10.2 9.1 9.2 9.0 9.2 9.0 9.1 -9.7% -10.4% -8.5% -10.9%
□ Cargo Total 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Revenue (mil Won) 883,292 817,438 679,419 608,951 2,989,100 402,188 375,936 355,020 472,245 1,605,389 -54.5% -54.0% -47.7% -22.4%
Revenue (000$) 733,437 650,273 508,263 446,151 2,338,125 315,518 285,668 270,461 357,781 1,229,428 -57.0% -56.1% -46.8% -19.8%
ATK (thou. km) 1,229,973 1,160,096 1,182,746 1,232,314 4,805,129 1,164,516 1,198,589 1,220,281 1,268,992 4,852,379 -5.3% 3.3% 3.2% 3.0%
RTK (thou. km) 1,162,229 1,067,616 983,973 1,015,790 4,229,609 927,578 915,990 935,170 990,807 3,769,544 -20.2% -14.2% -5.0% -2.5%
Load Factor (%) 94.5% 92.0% 83.2% 82.4% 88.0% 79.7% 76.4% 76.6% 78.1% 77.7% -14.8%p -15.6%p -6.6%p -4.4%p
Yield (￦) 760.0 765.7 690.5 599.5 706.7 433.6 410.4 379.6 476.6 425.9 -42.9% -46.4% -45.0% -20.5%
Yield (￠) 63.1 60.9 51.7 43.9 55.3 34.0 31.2 28.9 36.1 32.6 -46.1% -48.8% -44.0% -17.8%
* Revenue doesn’t include sales commission.

-18-
 (Unit: Thou. ppl.)
Year 1Q 2Q 3Q 4Q Total Year 1Q 2Q 3Q 4Q Total
2023 4,918 4,853 6,138 6,374 22,282 2023 1232.3% 434.9% 213.0% 101.3% 248.0%
Out- 2022 369 907 1,961 3,167 6,404 Out- 2022 96.1% 389.7% 518.3% 764.0% 505.8%
bound 2021 188 185 317 367 1,057 bound 2021 -94.8% 132.6% 64.7% 101.2% -74.2%
2020 3,637 80 193 182 4,091 2020 -49.4% -98.8% -97.2% -97.4% -85.2%
2023 1,642 2,533 3,013 3,089 10,277 2023 717.2% 461.8% 263.0% 121.1% 257.0%
In- 2022 201 451 830 1,397 2,879 In- 2022 54.7% 198.2% 317.8% 619.4% 327.2%
Bound 2021 130 151 199 194 674 Bound 2021 -93.2% 86.7% 59.6% 74.5% -69.9%
2020 1,924 81 124 111 2,241 2020 -38.3% -97.7% -96.5% -97.1% -83.9%
2023 6,560 7,386 9,150 9,463 32,559 2023 1050.8% 443.8% 227.9% 107.3% 250.8%
2022 570 1,358 2,791 4,564 9,283 2022 79.2% 303.7% 441.1% 713.9% 436.2%
Total Total
2021 318 336 516 561 1,731 2021 -94.3% 109.5% 62.7% 91.0% -72.7%
2020 5,561 161 317 294 6,332 2020 -46.1% -98.4% -97.0% -97.3% -84.8%
*Source: KTO

-19-
 (Unit: Thou. ppl.) (Unit: Thou. ppl.)
Year 1Q 2Q 3Q 4Q Total Year 1Q 2Q 3Q 4Q Total
2023 7,832 8,454 7,931 7,973 32,190 2023 13,883 15,623 18,968 19,845 68,319
2022 8,483 9,943 9,163 8,739 36,328 2022 1,091 2,871 5,884 9,655 19,500
Passenger Passenger
2021 6,350 9,128 8,165 9,505 33,147 2021 562 631 921 1,096 3,209
2020 5,366 5,074 7,143 7,405 24,989 2020 12,496 472 649 619 14,237
2023 -7.7% -15.0% -13.5% -8.8% -11.4% 2023 1172.8% 444.2% 222.4% 105.5% 250.4%
2022 33.6% 8.9% 12.2% -8.1% 9.6% 2022 94.2% 354.7% 539.1% 781.0% 507.6%
YoY YoY
2021 18.3% 79.9% 14.3% 28.3% 32.6% 2021 -95.5% 33.6% 41.9% 76.9% -77.5%
2020 -25.9% -41.0% -11.4% -3.8% -20.9% 2020 -41.9% -97.7% -97.0% -97.2% -83.4%
＊Source: Korea Airport Corporation ＊Source: Korea Airport Corporation

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 (Unit: Thou. ton.)
구분 Year 1Q 2Q 3Q 4Q Total
2023 649 670 702 735 2,756
2022 788 764 691 706 2,949
Ton
2021 786 838 843 861 3,329
2020 675 651 698 792 2,816
2023 -17.7% -12.3% 1.6% 4.1% -9.9%
2022 0.2% -8.8% -18.1% -18.1% -11.4%
YoY (%)
2021 16.5% 28.8% 20.8% 8.7% 18.2%
2020 -4.8% -11.8% -7.3% 0.7% -5.7%
＊Source: Korea Airport Corporation

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