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

ASIANA AIRLINES, INC.

(A020560)
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Asiana Airlines : Korean Air to acquire Asiana Airlines for $1.62 billion

11/16/2020 | 02:27pm 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.

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

All news about ASIANA AIRLINES, INC.
01/15ASIANA AIRLINES, INC. : REVERSE SPLIT: 1 of 3
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Financials
Sales 2020 4 068 B 3,69 B 3,69 B
Net income 2020 -855 B -0,78 B -0,78 B
Net Debt 2020 8 152 B 7,39 B 7,39 B
P/E ratio 2020 -1,40x
Yield 2020 -
Capitalization 1 183 B 1 073 M 1 073 M
EV / Sales 2020 293x
EV / Sales 2021 224x
Nbr of Employees -
Free-Float 78,7%
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Asiana Airlines, Inc. Technical Analysis Chart | MarketScreener
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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 15 900,00 KRW
Spread / Highest target -28,3%
Spread / Average Target -32,7%
Spread / Lowest Target -35,8%
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
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