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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Korean Air Lines Co.,Ltd.    A003490   KR7003490000

KOREAN AIR LINES CO.,LTD.

(A003490)
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S.Korea's Hanjin Group reviews buying Asiana Airlines - report

11/12/2020 | 06:16am EST
FILE PHOTO: An Asiana Airlines Airbus A350-900 is seen at the Airbus delivery center in Colomiers near Toulouse

SEOUL, Nov 12 (Reuters) - South Korea's Hanjin Group, owner of the nation's largest airline Korean Air Lines Co Ltd , is in talks to acquire debt-ridden Asiana Airlines Inc, local media reported on Thursday, citing unnamed investment banking sources.

The Korea Economic Daily said Hanjin Group has been in talks with Korea Development Bank (KDB) and will be submitting a letter of intent to the bank next as early as next week.

Hanjin Group told Reuters nothing has been decided, while Asiana Airlines said they were not aware of such talks.

Asiana's lead creditor KDB said in an emailed statement talks with Hanjin Group was one of the options under consideration but also said that nothing had been decided.

A planned sale of Asiana Airlines, South Korea's second-largest carrier, collapsed in September.

Hyundai Development Co and brokerage Mirae Asset Daewoo had agreed in December 2019 to purchase control of Asiana Airlines for about 2.5 trillion won ($2.25 billion), but they called for better terms after the airline's debt surged after the coronavirus pandemic hit travel demand.

($1 = 1,112.5800 won) (Reporting by Heekyong Yang. Writing by Joori Roh; editing by Barbara Lewis)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASIANA AIRLINES, INC. 0.64% 15800 End-of-day quote.25.10%
HYUNDAI CORPORATION 3.19% 17800 End-of-day quote.11.60%
HYUNDAI DEVELOPMENT COMPANY -0.32% 30950 End-of-day quote.18.58%
HYUNDAI MOTOR COMPANY 2.12% 264500 End-of-day quote.37.76%
KOREAN AIR LINES CO.,LTD. 3.12% 33050 End-of-day quote.21.51%
KUMHO INDUSTRIAL CO., LTD. 0.54% 9340 End-of-day quote.2.86%
MIRAE ASSET DAEWOO CO., LTD. -0.10% 9870 End-of-day quote.4.56%
MIRAE CORPORATION -0.15% 3250 End-of-day quote.6.91%
All news about KOREAN AIR LINES CO.,LTD.
01/07MARKET CHATTER : Korean Air Further Extends Mileage Expiration to 2022
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01/06MARKET CHATTER : Korean Air Lines Secures Shareholder Approval for Maximum Outst..
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2020MARKET CHATTER : Major South Korean Airlines Offer "International Flights to Now..
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2020MARKET CHATTER : Kumho Industrial to Sell Entire Stake in Asiana Airlines Post M..
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2020KOREAN AIR LINES : Airports reject vaccine requirement as travel debate intensif..
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2020MARKET CHATTER : Korean Air Lines to Conduct Due Diligence on Asiana Airlines
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2020Korean Air sees pressure on cargo business in 2021, seeks cost cuts after Asi..
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2020MARKET CHATTER : Korean Air Lines Signs $136 Million Helicopter Maintenance Deal..
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2020Korean Air's Asiana buy on track as Seoul court refuses injunction
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More news
Financials
Sales 2020 7 671 B 6,94 B 6,94 B
Net income 2020 -477 B -0,43 B -0,43 B
Net Debt 2020 13 399 B 12,1 B 12,1 B
P/E ratio 2020 -10,5x
Yield 2020 -
Capitalization 5 805 B 5 277 M 5 254 M
EV / Sales 2020 2,50x
EV / Sales 2021 2,07x
Nbr of Employees -
Free-Float 67,6%
Chart KOREAN AIR LINES CO.,LTD.
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Korean Air Lines Co.,Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KOREAN AIR LINES CO.,LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 27 192,31 KRW
Last Close Price 33 050,00 KRW
Spread / Highest target -0,15%
Spread / Average Target -17,7%
Spread / Lowest Target -33,4%
EPS Revisions
Managers and Directors
NameTitle
Won-Tae Cho President, Co-Chief Executive Officer & Director
Gi-Hong Woo Co-CEO, Director & Head-Strategy Management
Eun-Yong Ha Senior Managing Director & Head-Finance
Soo-Geun Lee Director & Vice President-Technology
Jae-Il Kim Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
KOREAN AIR LINES CO.,LTD.21.51%5 277
DELTA AIR LINES, INC.1.14%25 831
RYANAIR HOLDINGS PLC-6.46%20 820
AIR CHINA LIMITED-8.36%14 190
UNITED CONTINENTAL HOLDINGS, INC.-1.53%12 393
CHINA SOUTHERN AIRLINES COMPANY LIMITED-4.98%12 138