Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Asiana Airlines, Inc.    A020560   KR7020560009

ASIANA AIRLINES, INC.

(A020560)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Asiana Airlines : Korean Air to acquire Asiana Airlines for $1.62 billion

11/16/2020 | 02:26pm EST

Korean Air says it will acquire Asiana Airlines for $1.62 billion in a major restructuring of the Korean aviation market as the global coronavirus pandemic batters the industry worldwide.

To help finance the deal, Korean Air plans to sell up to $2.25 billion worth of shares early next year. Its parent company, Hanjin KAL, will also contribute about $720 million in the deal, a portion of which is a loan from the Korean Development Bank.

The companies said the deal will help to stabilize the Korean aviation industry, which is struggling to emerge from the ongoing COVID-19 pandemic. Hanjin said having two major airlines in Korea put them at a competitive disadvantage and the consolidation will help it keep up with countries like Germany, France and Singapore, which each have a single major airline.

Shares of Korean Air Lines Co. rose 12.5% in Seoul trading Monday.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

All news about ASIANA AIRLINES, INC.
01/15ASIANA AIRLINES, INC. : REVERSE SPLIT: 1 of 3
FA
01/11MARKET CHATTER : Large Overseas Investment Banks Gain from Mergers and Acquisiti..
MT
01/07MARKET CHATTER : Korean Air Further Extends Mileage Expiration to 2022
MT
01/06MARKET CHATTER : Korean Air Lines Secures Shareholder Approval for Maximum Outst..
MT
01/06MARKET CHATTER : Korean Air Lines Amends Articles of Association to Help Fund As..
MT
2020MARKET CHATTER : Asiana Airlines Transports Sputnik V COVID-19 Vaccines to Mosco..
MT
2020MARKET CHATTER : Asiana Airlines to Implement Capital Reduction Plan Amid Pandem..
MT
2020MARKET CHATTER : Major South Korean Airlines Offer "International Flights to Now..
MT
2020MARKET CHATTER : Kumho Industrial to Sell Entire Stake in Asiana Airlines Post M..
MT
2020MARKET CHATTER : Korean Air Lines to Conduct Due Diligence on Asiana Airlines
MT
More news
Financials
Sales 2020 4 068 B 3,68 B 3,68 B
Net income 2020 -855 B -0,77 B -0,77 B
Net Debt 2020 8 152 B 7,38 B 7,38 B
P/E ratio 2020 -1,58x
Yield 2020 -
Capitalization 1 339 B 1 215 M 1 212 M
EV / Sales 2020 331x
EV / Sales 2021 253x
Nbr of Employees -
Free-Float 78,7%
Chart ASIANA AIRLINES, INC.
Duration : Period :
Asiana Airlines, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ASIANA AIRLINES, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Average target price 10 700,00 KRW
Last Close Price 18 000,00 KRW
Spread / Highest target -36,7%
Spread / Average Target -40,6%
Spread / Lowest Target -43,3%
EPS Revisions
Managers and Directors
NameTitle
Chang-Su Han Chief Executive Officer & Director
Jae-Hwan Seo President & Director
Ho-Kyun Kim Managing Director & Head-Finance
Chang-Yeong Jeong Independent Director
Byeong-Seok An Director
Sector and Competitors
1st jan.Capitalization (M$)
ASIANA AIRLINES, INC.42.52%1 215
DELTA AIR LINES, INC.-0.57%25 393
RYANAIR HOLDINGS PLC-2.80%21 538
AIR CHINA LIMITED-9.67%14 128
UNITED CONTINENTAL HOLDINGS, INC.1.48%12 772
CHINA SOUTHERN AIRLINES COMPANY LIMITED-6.49%12 072