Asiana Airlines will gain on the strong air cargo market, said Eugene Investment and Securities on Feb. 8, raising the target price 7.1 percent to 6,000 won (US$5.51).
Its revenue in the fourth quarter of last year rose 12.8 percent on-year to 1.65 trillion won and operating profit 113.7 percent to 86.0 billion won, as revenue from both its passenger and cargo sectors grew, said analyst Bang Min-jin.
The thriving air cargo market will continue to bolster its profitability this year and the passenger service sector may serve as further momentum, said the analyst. The airline company is focusing on expanding its long-distance routes, and when its routes to China, its major profit making service, return to normal, it will serve as a key leverage in sales, forecast Bang.
By Hwang You-mee (firstname.lastname@example.org