Asiana Airlines' Annual Corporate Group Status Disclosure... Financial Health Remains Weak (Debt Ratio 1,114.54%, Partial Capital Impairment)
Asiana Airlines, as part of the Hanjin Group, reported total assets of 10.96 trillion KRW, total liabilities of 10.06 trillion KRW, and equity of 902.7 billion KRW as of fiscal year 2025, with a debt ratio of 1,114.54%, indicating very weak financial health.
For the previous fiscal year, revenue was 6.20 trillion KRW, operating loss was 342.5 billion KRW, and net loss was 136.8 billion KRW, continuing a loss-making structure.
Korean Air holds 63.88% of common shares as the largest shareholder, with the same person side holding 63.92%.
Related-party transactions: Issued 300 billion KRW of perpetual convertible bonds to Korean Air, and has financial claims of 100 billion KRW and trade receivables of 259.9 billion KRW from Air Busan.
The company is in partial capital impairment (12.35%), requiring urgent capital injection or profitability improvement to resolve the impairment.
[AI Comprehensive Analysis]: This disclosure is a routine annual corporate group status filing for the Hanjin Group, containing no new positive or negative events. However, Asiana Airlines' high debt ratio, persistent operating losses, and partial capital impairment represent ongoing investment risks.
KOSPI Filing Information
Filing: Large Enterprise Group Status Disclosure [Annual And First Quarter Use (Individual Company)]