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South Korea's #2 full-service airline, flying passenger and cargo routes domestically and internationally; being absorbed into Korean Air.
South Korea's #2 full-service airline, flying passenger and cargo routes domestically and internationally; being absorbed into Korean Air.
Earns mainly from passenger tickets on a network that includes long-haul routes from Seoul, with cargo flights carrying a large share of profit when air freight is strong. Korean Air became its controlling shareholder in December 2024, and the two airlines are being combined.
Moat: none (brand). Slot/brand value only; being merged into Korean Air, losing independent competitive position.
Headquarters: Seoul, South Korea · Founded: 1988 · Employees: 7,479
Size Asiana Airlines (020560.KS) is a South Korea Industrials company (Airlines) with a market value of $1.21B, the 209th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩7,960 on 6 Nov 2026.
Performance Over six months the shares gained 13.1%, against +5.5% for the median peer and -24.5% for the South Korea market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 17.3% over the last twelve months (peer median +10.8%); the operating margin is -11.9% (peer median 6.3%).
Valuation It trades at 1.1× enterprise value to sales against a peer median of 1.1× (10th most expensive of 21).
Capital Return on invested capital runs 14.5 points below its cost of capital (5.0% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩6.83T | ₩7.27T | ₩8.32T | ₩7.62T | ₩6.21T |
| Revenue growth | — | -13% | +9% | +23% | — |
| Gross profit | -₩124B | ₩334B | ₩948B | ₩1.20T | ₩989B |
| EBITDA | ₩199B | ₩662B | ₩1.43T | ₩1.62T | ₩1.59T |
| Net income | -₩1.19T | -₩298B | -₩494B | ₩28.7B | ₩110B |
| Free cash flow | -₩720B | -₩592B | ₩648B | ₩823B | ₩1.36T |
| Capital expenditure | ₩751B | ₩748B | ₩743B | ₩628B | ₩410B |
| Total debt | ₩6.57T | ₩6.44T | ₩6.69T | ₩6.67T | ₩7.74T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Asiana Airlines 020560.KS | $1.21B | +13% | -17% | -12% | 1.1× | n/a |
| KAL 003490.KS | $7.99B | +20% | +21% | 2% | 1.1× | n/a |
| Jejuair 089590.KS | $379M | +20% | +12% | -1% | 0.9× | n/a |
| Trinity Airways 091810.KS | n/a | +160% | n/a | n/a | n/a | n/a |
| Singapore Airlines C6L.SI | $17.2B | +11% | +5% | 12% | 1.1× | -11.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 020560.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.4% | +7.9% | 6th lowest of 21 |
| 6-month return | +13.1% | +5.5% | 8th highest of 21 |
| Distance from 52-week high | -13.2% | -26.2% | 6th highest of 21 |
| Revenue growth (TTM) | -17.3% | +10.8% | lowest of 21 |
| Operating margin | -11.9% | 6.3% | 3rd lowest of 21 |
| EV / Sales | 1.1× | 1.1× | 10th most expensive of 21 |
| ROIC minus cost of capital | -14.5 pp | -0.7 pp | 2nd lowest of 21 |
| Net debt / EBITDA | 30.2× | 2.2× | 2nd most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Asiana Airlines 020560.KS | South Korea | $1.21B | +13% | -17% | -12% | 1.1× | n/a | n/a |
| Finnair FIA1S.HE | Finland | $1.14B | +38% | +11% | 4% | 0.4× | -9.6% | +30.2% |
| China Express Airlines 002928.SZ | China | $1.34B | -12% | +4% | -17% | 3.4× | n/a | n/a |
| JetBlue Airways JBLU | United States | $1.38B | -28% | +10% | -6% | 0.9× | n/a | n/a |
| CITIC Offshore Helicopter 000099.SZ | China | $1.41B | -31% | -9% | 12% | 4.1× | 1.8% | +7.5% |
| Norwegian Air Shuttle NAS.OL | Norway | $1.47B | -11% | +3% | 6% | 0.5× | -16.5% | +35.8% |
| Wizz Air WIZZ.L | United Kingdom | $1.48B | +8% | +11% | -2% | 1.1× | 3.4% | +49.5% |
| Virgin Australia VGN.AX | Australia | $1.48B | +18% | +9% | 11% | 0.5× | -13.4% | +4.9% |
| Republic Airways RJET | United States | $942M | -12% | +438% | 11% | 0.8× | 2.8% | +25.2% |
| Azul S.A. Sponsored ADR AZUL | United States | $915M | +86% | +12% | 14% | 1.2× | n/a | n/a |
| Frontier ULCC | United States | $1.71B | +40% | +24% | -15% | 1.2× | 31.6% | +24.4% |
| Controladora Vuela Compania de Aviacion SAB de CV Sponsored ADR VLRS | United States | $850M | +3% | +19% | -5% | 1.1× | -13.7% | +23.8% |
| Starlux Airlines 2646.TW | Taiwan | $1.76B | -6% | +23% | 1% | 2.1× | n/a | n/a |
| Milkyway Intelligent Supply Chain Service 603713.SS | China | $1.90B | +29% | +15% | 8% | 1.2× | n/a | n/a |
| Tigerair Taiwan 6757.TW | Taiwan | $753M | +8% | +13% | 19% | 1.1× | -20.2% | +55.1% |
| Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR AERO | United States | $2.32B | +1% | +10% | 11% | 0.9× | -6.6% | +32.3% |
| Allegiant Travel ALGT | United States | $2.51B | +11% | +12% | 9% | 1.6× | n/a | n/a |
| Chorus Aviation CHR.TO | Canada | $505M | +30% | -4% | 7% | 0.8× | 2.2% | +6.8% |
| SkyWest SKYW | United States | $3.02B | -10% | +7% | 14% | 1.1× | 2.2% | +13.8% |
| Juneyao Airlines 603885.SS | China | $3.42B | -8% | +8% | 1% | 2.5× | 0.4% | +17.4% |
| Jejuair 089590.KS | South Korea | $379M | +20% | +12% | -1% | 0.9× | n/a | n/a |